SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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|Regulation FD Disclosure.
Chimerix, Inc. (the “Company”) today announced that it is aware of unusual trading activity in the Company’s common stock for a period of time. The Company believes the unusual trading activity may be attributable to statements regarding smallpox antiviral development and procurement contained in the Fiscal Year 2023 Congressional Justification for the Public Health and Social Services Emergency Fund published by the Department of Health and Human Services.
The Company confirms that it remains in active negotiations with the Biomedical Advanced Research and Development Authority (“BARDA”) regarding a sole-source contract with the Company for the development and procurement of up to 1.7 million treatment courses of TEMBEXA. The Company currently expects to enter into the contract in the second quarter of 2022, and for the initial shipment of TEMBEXA (in an amount consistent with prior guidance of ($80-100 million) to be procured and shipped to the Strategic National Stockpile soon after contract execution. As is customary, additional procurements and shipments under the contract would be subject to BARDA’s option.
The Company does not expect to provide updates related to negotiation of the procurement agreement prior to execution with BARDA.
The information in this Item 7.01 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
The Company cautions you that statements included in this report that are not a description of historical facts are forward-looking statements. These forward-looking statements include statements regarding negotiation and execution of the sole-source contract with BARDA, the timing and amount of the initial procurement and shipment of TEMBEXA under the contract, and additional procurements and shipments under the contract. The inclusion of forward-looking statements should not be regarded as a representation by the Company that any of these results will be achieved. Actual results may differ from those set forth in this report due to the risks and uncertainties associated with government procurement negotiations, continued funding for BARDA and smallpox antiviral development and procurement, and geopolitical and market conditions, as well as risks and uncertainties inherent in the Company’s business, including those described in the Company’s other filings with the Securities Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to revise or update this report to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: April 13, 2022
|/s/ Michael T. Andriole
|Michael T. Andriole
|Chief Business and Financial Officer