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SIGA Technologies Inc. reports developments as a commercial-stage pharmaceutical company focused on infectious-disease countermeasures, with a primary focus on orthopoxviruses. Its recurring updates center on TPOXX (tecovirimat), including oral and IV product sales, deliveries to large institutional customers and international governments, Strategic National Stockpile activity, and procurement contracts.
Company news also covers quarterly and annual results, research and development revenue, BARDA 19C development funding for pediatric and manufacturing activities, regulatory developments for tecovirimat indications, business update calls, and capital actions such as special cash dividends on common stock.
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SIGA Technologies, Inc. (SIGA) announced a conference call scheduled for May 4, 2023, at 4:30 P.M. ET to provide a business update. The call will feature CEO Dr. Phil Gomez, Chief Scientific Officer Dr. Dennis Hruby, and CFO Daniel Luckshire. Interested participants can access the call via phone or a live webcast on SIGA's website. The company focuses on health security and its lead product, TPOXX®, is an antiviral drug for smallpox, recently approved in various formulations by the FDA and EMA. Notably, SIGA has contracts with the Biomedical Advanced Research and Development Authority (BARDA) for procurement and development linked to TPOXX®. The press release also includes forward-looking statements regarding contract risks and market conditions.
SIGA Technologies reported approximately $111 million in revenue for 2022, marking a decrease from $133.7 million in 2021. The company achieved $71 million in international product sales, a notable increase from $13 million in 2021. The introduction of IV TPOXX and oral TPOXX to the U.S. Government and Department of Defense contributed to this growth. SIGA generated a pre-tax operating income of approximately $43 million. Despite challenges posed by the pandemic, the company maintained its liquidity, although supply chain disruptions remain a risk. A conference call for further updates is scheduled for later today.
SIGA Technologies, Inc. (SIGA) announced a webcast and conference call for March 2, 2023, at 4:30 PM ET to provide a business update. Dr. Phil Gomez, CEO, and Daniel Luckshire, CFO, will participate. SIGA focuses on health security, particularly in biodefense, with TPOXX® as its lead product. TPOXX, approved by the FDA for smallpox treatment, is also recognized by the European Medicines Agency for multiple uses including monkeypox. The company continues to collaborate with BARDA for the procurement and development of TPOXX. For more information, visit SIGA's website.