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Smallpox drug companies receive new orders as monkeypox spreads

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June 23 (Reuters)-Smallpox pharmaceutical company Siga Technologies (Follow him) And Chimerix Inc (CMRX.O) On Thursday, they said they received a new order for their antiviral drug, which is expected to be used as a treatment for monkeypox in the global increase in infectious diseases.

More than 3,000 confirmed cases of monkeypox belonging to the family of orthopoxviruses, including smallpox and cowpox, have been reported in 40 countries where the disease is not endemic. read more

As the numbers grow, the World Health Organization will decide on Thursday whether to declare monkeypox a global health emergency. read more

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Siga received an order worth about $ 13 million for the oral smallpox drug Tpoxx, and Chimerix received an order for the drug Tembexa worth about $ 9.3 million.

Siga’s share increased by 4% and Chimerix’s share increased by 5%.

Chimerix agreed to sell drug rights to Emergent BioSolutions in May (EBS.N)On Thursday, he said the contract for the new order is expected to close before the sale is complete.

Siga’s drug, Tpoxx, is approved by the European Union for the treatment of smallpox, monkeypox, cowpox and other diseases, but only in the United States and Canada for the treatment of smallpox.

“We expect some of the oral Tpoxx courses offered under these orders to be used to treat active monkeypox cases,” said Phil Gomez, CEO of Siga. I am saying.

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Report by Leroy Leo in Bangalore.Edited by Amy Karen Daniel and Shinjini Gangli

Our criteria: Thomson Reuters trusts the principles.

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2/ https://www.reuters.com/business/healthcare-pharmaceuticals/siga-technologies-gets-orders-worth-13-mln-antiviral-drug-2022-06-23/

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