SIGA Technologies

SIGA Technologies

SIGA

SIGA Technologies is a biopharmaceutical company with a specialized mission to address health security threats, particularly biological, chemical, radiological, and nuclear (CBRN) agents. Its primary achievement is the development and regulatory approval of TPOXX, the first and only FDA-approved drug for smallpox, supported by substantial procurement contracts from the U.S. government's Strategic National Stockpile. The company's strategic direction involves leveraging its antiviral expertise to expand its pipeline for other high-consequence pathogens and to pursue international sales of its approved product. Its financial position is strengthened by recurring government contracts, providing a stable revenue base.

SIGA · Stock Price

USD 4.99-0.58 (-10.41%)
Market Cap: $357.5M

Historical price data

Market Cap: $357.5MPipeline: 11 drugs (3 Phase 3)Patents: 20Employees: 50-100HQ: United States

AI Company Overview

SIGA Technologies is a biopharmaceutical company with a specialized mission to address health security threats, particularly biological, chemical, radiological, and nuclear (CBRN) agents. Its primary achievement is the development and regulatory approval of TPOXX, the first and only FDA-approved drug for smallpox, supported by substantial procurement contracts from the U.S. government's Strategic National Stockpile. The company's strategic direction involves leveraging its antiviral expertise to expand its pipeline for other high-consequence pathogens and to pursue international sales of its approved product. Its financial position is strengthened by recurring government contracts, providing a stable revenue base.

Infectious DiseaseBiodefensePublic Health Preparedness

Technology Platform

Small-molecule antiviral drug discovery platform focused on inhibiting essential viral proteins, with proven application against orthopoxviruses through structure-based design.

Pipeline

11
11 drugs in pipeline3 in Phase 3

Funding History

6
Total raised:$562M
Grant$433M
IPO$30M
Grant$55M
Grant$24.6M

FDA Approved Drugs

2
TPOXXNDAMay 18, 2022
TPOXXNDAJul 13, 2018

Opportunities

Growth opportunities include securing follow-on procurement contracts from the U.S.
government as stockpiles are replenished, expanding international sales to allied nations, pursuing label expansion for TPOXX in related indications like mpox treatment or vaccine complications, and leveraging its antiviral platform to develop next-generation countermeasures.

Risk Factors

Key risks include extreme dependence on the U.S.
government as a single customer, concentration of revenue in one product (TPOXX), potential changes in biodefense funding priorities, regulatory challenges associated with the Animal Rule approval pathway, and competition from other developers of orthopoxvirus therapeutics.

Competitive Landscape

SIGA's main competitor is Chimerix's brincidofovir, an alternative FDA-approved smallpox treatment. However, TPOXX is the market-leading and preferred therapeutic. The competitive landscape is defined by government procurement rather than traditional commercial marketing, with SIGA's first-mover advantage, proven delivery capability, and established government relationships serving as primary differentiators.

Company Timeline

2006IPO

IPO — $30.0M

2006Grant

Grant: $55.0M

2011Grant

Grant: $433.0M

2018FDA Approval

FDA Approval: TPOXX

2022FDA Approval

FDA Approval: TPOXX