UPDATE: Medicago Awarded Contract From U.S. Department of Defence; Shrs Rose 5% Friday

By Midnight Trader,  January 07, 2013, 09:48:21 AM EDT

Medicago Inc. (MDG.TO), which rose 5% and further away from near year lows Friday, has lost a small early gain that saw it touch 40.5 cents. It is now flat at 40 cents as it announced that it has been awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract from the Defense Advanced Research Projects Agency (DARPA) based on Medicago having met all the technical requirement standards for the contract. As a result of Medicago having met these requirements and standards, Medicago is now allowed to bid for the manufacture and delivery of certain tobacco-produced proteins, for which Medicago has already demonstrated a proven ability. Medicago intends to bid on these orders when solicitations are next issued by the U.S. government and may be awarded production contracts.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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