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Fly News Breaks for April 14, 2015
CMRX
Apr 14, 2015 | 11:34 EDT
Piper Jaffray notes the Department of Health and Human Services posted its intention to award a contract to Chimerix to stockpile brincidofovir in smallpox. The estimated value of the contract is $100M over 5 years, but may be worth up to $435M if all options are exercised. Piper believes the news highlights the broad applicability of brincidofovir in dsDNA viruses. It reiterates an Overweight rating on Chimerix with a $44 price target.
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