Another Solyndra? LA Times reports the Obama administration has been pushing a $433M plan...

|By:, SA News Editor

Another Solyndra? LA Times reports the Obama administration has been pushing a $433M plan to buy Siga Technologies' (SIGA -9.1%) experimental smallpox drug, despite uncertainty over whether it is needed or will work at all. Siga, whose controlling shareholder is top Obama donor Ronald Perelman, was awarded a contract in May in a no-bid deal after the government's lead negotiator was replaced.