Siga Appeals $2.8B Drug-Contract Disqualification

Law360, New York (November 8, 2010, 1:34 PM EST) -- Siga Technologies Inc. is planning to appeal a U.S. Small Business Administration ruling that declared it too large to receive a small-business set-aside contract for smallpox antivirals due to questions about its affiliation with a large private holding company owned by billionaire Ronald O. Perelman.

Siga said in a statement Sunday that the SBA had ruled it did not qualify as a small business based on its determination that the biotech company is affiliated with MacAndrews & Forbes Holdings Inc., Perelman's New York-based private holding company,...
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