SIGA Technologies - Best is yet to come
SIGA reported strong Q222 results driven by international expansion and rapid response to the larger than-expected monkeypox outbreak. Q222 product sales of $8.6m increased 24% y-o-y and benefited from two first-time contracts, one in a new Asia-Pacific jurisdiction ($4.8m order) and the other with the US Department of Defense. With $60m in orders received year to date from 10 international jurisdictions (of which c $5m has been delivered in H122), we expect the company to have a strong end to the second half of FY22. Longer term, we see an opportunity for TPOXX to expand its label (to include monkeypox) in North America, which is highly predicated on ongoing clinical success. Considering these developments, our estimates are under review.SIGA Technologies is a commercial-stage pharmaceutical company focused on the health security market. Health security comprises countermeasures for biological, chemical, radiological and nuclear attacks, vaccines and therapies for emerging infectious diseases, and health preparedness. The company's primary product is an oral formulation of TPOXX?, an antiviral drug for the treatment of human smallpox disease caused by variola virus. The United States Food and Drug Administration has approved oral TPOXX? for the treatment of smallpox.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.