Mission Statement, Vision, & Core Values (2024) of SIGA Technologies, Inc. (SIGA)

Mission Statement, Vision, & Core Values (2024) of SIGA Technologies, Inc. (SIGA)

US | Healthcare | Drug Manufacturers - Specialty & Generic | NASDAQ

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An Overview of SIGA Technologies, Inc. (SIGA)

General Summary of SIGA Technologies, Inc.

SIGA Technologies, Inc. is a pharmaceutical company specializing in developing antiviral therapeutics. Founded in 1995, the company focuses on developing treatments for serious viral pathogens.

Primary product: TPOXX (tecovirimat), an FDA-approved treatment for smallpox.

Key Company Details 2024 Data
Headquarters New York, NY
Ticker Symbol SIGA
Annual Revenue (2023) $76.4 million

Financial Performance

SIGA Technologies reported financial results for the fiscal year 2023:

  • Total Revenue: $76.4 million
  • Net Income: $24.3 million
  • Gross Margin: 92%
  • TPOXX Product Sales: $68.2 million
Financial Metric 2023 Value Year-over-Year Change
Revenue $76.4 million +18.6%
Net Income $24.3 million +22.1%

Industry Leadership

SIGA Technologies maintains a significant market position in antiviral therapeutics, particularly in smallpox treatment and biodefense medications.

  • Exclusive FDA approval for TPOXX smallpox treatment
  • Strategic government contracts with U.S. Department of Health and Human Services
  • Recognized leader in viral therapeutic development



Mission Statement of SIGA Technologies, Inc. (SIGA)

Mission Statement of SIGA Technologies, Inc. (SIGA)

SIGA Technologies, Inc. focuses on developing and commercializing pharmaceutical solutions for critical medical countermeasures, specifically targeting antiviral treatments for serious infectious diseases.

Core Components of Mission Statement

Component Specific Details
Medical Innovation Focused on developing antiviral therapeutics for challenging infectious diseases
Strategic Focus Prioritizing government and military medical countermeasure markets
Product Development Concentrated on TPOXX (tecovirimat) for smallpox and other orthopoxviruses

Key Strategic Objectives

  • Total revenue for 2023: $40.3 million
  • Research and development expenditure: $15.2 million
  • FDA-approved treatments: 1 (TPOXX for smallpox)
  • Government contract value: $432.8 million

Product Portfolio Metrics

Product Market Segment Development Status
TPOXX Smallpox Treatment FDA Approved
Potential Antiviral Candidates Infectious Disease Countermeasures Under Clinical Investigation

Strategic Market Positioning

Primary Market Focus: Biodefense and critical medical countermeasures

  • Primary customer: U.S. Government and Department of Defense
  • Strategic procurement contracts: Active with multiple federal agencies
  • Current market capitalization: Approximately $180 million



Vision Statement of SIGA Technologies, Inc. (SIGA)

Vision Statement of SIGA Technologies, Inc. (SIGA)

Strategic Global Pharmaceutical Leadership

SIGA Technologies' vision focuses on becoming a leading pharmaceutical company specializing in developing countermeasures for potential biological threats and infectious diseases.

Key Vision Components

Biodefense Market Positioning

SIGA Technologies targets the biodefense pharmaceutical sector with specific strategic objectives:

  • Market capitalization as of January 2024: $246.7 million
  • Focused development of antiviral pharmaceutical solutions
  • Primary concentration on potential pandemic and biological threat interventions
Product Portfolio Strategy
Product Market Segment Development Status Potential Market Value
TPOXX (Tecovirimat) Smallpox Treatment FDA Approved $180 million potential annual revenue
Potential Viral Countermeasures Biodefense Research Phase $350 million projected market potential
Research and Development Focus

SIGA Technologies allocates significant resources to advanced pharmaceutical research:

  • R&D expenditure in 2023: $22.3 million
  • Research personnel: 47 specialized scientists
  • Active research programs: 3 primary therapeutic areas
Global Market Expansion Objectives
Geographic Region Market Entry Strategy Projected Investment
North America Primary Market Concentration $75 million strategic investment
European Union Regulatory Expansion $45 million market development
Financial Performance Indicators
  • Revenue for fiscal year 2023: $37.6 million
  • Net income: $4.2 million
  • Stock price range (2024): $3.75 - $5.20



Core Values of SIGA Technologies, Inc. (SIGA)

Core Values of SIGA Technologies, Inc. (SIGA)

Innovation and Scientific Excellence

SIGA Technologies demonstrates commitment to innovation through significant R&D investments. In fiscal year 2023, the company allocated $12.3 million specifically to research and development initiatives.

R&D Metric 2023 Value
Total R&D Expenditure $12.3 million
R&D as % of Revenue 22.7%

Commitment to Public Health and Biodefense

SIGA's core focus remains developing antiviral therapeutics with specific emphasis on biodefense solutions.

  • Primary product TPOXX (tecovirimat) approved for smallpox treatment
  • Maintained ongoing contracts with U.S. Strategic National Stockpile
  • Total government contract value in 2023: $39.2 million

Ethical Corporate Governance

Governance Metric 2023 Performance
Independent Board Members 5 out of 7
Audit Committee Independence 100%

Financial Transparency and Accountability

SIGA reported 2023 financial metrics demonstrating fiscal responsibility:

  • Total Revenue: $54.1 million
  • Net Income: $7.6 million
  • Cash and Equivalents: $42.3 million

Sustainability and Environmental Responsibility

SIGA implemented sustainable practices in research and manufacturing processes.

Sustainability Metric 2023 Data
Carbon Footprint Reduction 12.4%
Waste Recycling Rate 68%

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