Thursday, December 30, 2010

Former SEIU Boss Andy Stern May Be About to Make Millions on Smallpox #tcot #sgp #unions

Andy Stern, the former head of the SEIU went to work as a corporate board member for SIGA Technologies, a bio-defense contractor. At the time, SIGA's president acknowledged Stern's hiring had everything to do with his inside track within government.

Now, it looks like that inside track may pay out in spades:

The editor of Stealth Stocks explains, "Siga is a bio-defense company. In 2004, the U.S. started an initiative called Project BioShield, which gave the government the right to purchase and stockpile vaccines and drugs to fight anthrax, smallpox and other potential agents of bio-terror.

"SIGA is a leader in the development of pharmaceutical agents to fight potential bio-warfare pathogens and their ST-246 drug is considered to be the only known cure for smallpox, which the government is keenly interested in.

"Recently, BARDA has stated their intent to award SIGA a $500 million contract, with options that potentially could be as high as $2.8 billion in orders.

Half a billion? Options as high as $2.8 billion?

It looks like SIGA's investment in Stern may just be paying off.

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