Former SEIU boss Andy Stern doesn’t quite deserve all of the credit. After all, SIGA Technologies’ scientists did come up with ST-246 (a smallpox vaccine) long before Stern was brought on board to pitch the company to his friends in Washington. However, hiring Andy Stern (who happened to have a key to the back door of the White House) was most assuredly a good investment since, a mere four months after his hiring to SIGA’s board of directors, SIGA was awarded the brass ring of contracts that may be valued up to $2.8 Billion.
SIGA Technologies Inc. in New York, New York said today it received notice that the Biomedical Advanced Research and Development Authority (BARDA), part of the U.S. Department of Health and Human Services (HHS), intends to award a contract for the company’s smallpox antiviral for the strategic national stockpile. SIGA says a protest from another company in the competition for the award first needs to be resolved before the award can take place.
[snip]
Under the contract, BARDA calls for SIGA to deliver 1.7 million courses of its smallpox drug. The base contract, once awarded, is expected to generate revenues of about $500 million, with the entire contract, if all options are exercised, generating revenues of up to $2.8 billion.
While it appears to have helped having friends with friends in high places, in order for Stern to fully realize his value to SIGA, the company must first win the lawsuit that goes to trial on Monday over whether SIGA fully owns the rights to the vaccine (after a failed merger).
Note: If you had bought 100 shares of SIGA for $676 when Andy Stern joined the company back in June, your money would be worth $1400 today.
Wouldn’t it be interesting to know if any current or former SEIU officers (or other union bosses) or their relatives bought SIGA around the time Andy Stern joined the board of directors?
_________________
“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.” Thomas Paine, December 23, 1776
Moe Lane
Dan Spencer
Dan McLaughlin
Jeff Emanuel
It's available.
Kenny Solomon (Diary) Saturday, January 1st at 7:18PM EDT (link)A web address.
‘NothingToSeeHere.com’
What’s say we get it going as an adjunct to RedState and run up all the complete coincidences and other totally isolated incidents occurring with the administration and people holding the anvils to their heads ?
Next thing you know, SIGA Tech will get the contracts to outfit all the non-existent FEMA Camp staffers and Civilian Defense Corps personnel with bio-suits and other accessories…… Union-made of course.
idealist profiteers
edwyrd (Diary) Sunday, January 2nd at 2:45AM EDT (link)odd how those banner flying marxist-facist idealists never miss out on honking a profit out of influence pedaling. in the end they are just another wave of dollar blinded mad men.
“but men are different, they propound mathmatical theorms in beleaguered cities, conduct metaphysical arguments in condemned cells, make jokes on scaffolds, discuss the last new poem while advancing to the walls of quebec and comb their hair at thermopylae. it is our nature!
—C.S Lewis, weight of glory
How much does Soros make?
mine Sunday, January 2nd at 7:43PM EDT (link)I have to ask the obvious question. Does Soros or his colleagues make anything out of this? I struggle to believe he would not known of Sterns move ahead of it happening. Also I can’t believe Stern is not in it to make money not only for himself but also for friends. That is one stock to watch the shareholder register very closely.
Vaccine To Nowhere
sovereigntynow Monday, January 3rd at 9:09AM EDT (link)Smallpox was officially declared ‘eradicated’ several years ago. I am unaware of a single case anywhere on the globe except in quarantined test vials at the CDC. Given all our problems, is this really a $500 mil – 2.8 bil priority?
insider trading?
adair Monday, January 3rd at 6:01PM EDT (link)It doesn’t take big-time Friends of Andy to profit from a few dropped hints.
A little-known, lesser-light Congressman from our Ill. 12th District had a run of buying and selling … and I can’t recall, nor can I find the article again, but I believe it took place around the run-up to TARP … that netted him a bunch of money. It was enough to make the author wonder whether it was in fact a most fortuitous series of trades, or in fact the result of some very “inside” insider information.
As a faithful Democrat, I’d have to go along with the Hillary theory of her $1,000 cattle futures bonanza: Surely he must have assiduously studied the Wall Street Journal, absorbed the lessons well, and ingeniously traded his way to prosperity.
As a cynical Republican, no way.
a crook by any other name is still a crook
boxedquad Tuesday, January 4th at 7:54PM EDT (link)If any one can make it in DC they are “connected”