SIGA Technologies gets shorter-than-requested exclusivity extension

By Mark Reccek

Bethlehem, Pa., Aug. 21 – SIGA Technologies, Inc.’s request to extend its exclusive periods for filing a Chapter 11 plan of reorganization and soliciting votes on the plan was approved, according to an order issued Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The company’s exclusive filing period was extended through Sept. 24 from Aug. 14 and its solicitation period extended through Nov. 13 from Oct. 13.

The company originally requested the filing period be extended to Dec. 14 and the solicitation period to Feb. 16, 2016.

Based in New York, SIGA Technologies develops and commercializes solutions for serious unmet medical needs and biothreats. The company filed for bankruptcy on Sept. 16, 2014 under Chapter 11 case number 14-12623.

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