Brian Adams's questions to SIGA Technologies Inc (SIGA) leadership • Q4 2024
Question
Brian Adams asked about the current stage of negotiations for a new BARDA contract, the composition of the $49 million inventory on the balance sheet, any continued fallout from a former employee's comments on TPOXX efficacy for mpox, and the company's strategy for pipeline diversification and acquisitions.
Answer
CEO Diem Nguyen confirmed ongoing discussions with BARDA and SNS regarding TPOXX's importance and manufacturing, but noted a specific contract volume or value has not been determined. CFO Daniel Luckshire explained the inventory includes product for existing orders and a proactive stock of API for future responsiveness. Nguyen addressed the former employee issue by stating the individual had minimal involvement in TPOXX's development and that SIGA and its partners stand by the established science. She also affirmed that pipeline diversification, similar to the recent Vanderbilt deal, remains a key priority.