Q2 2026 SIGA Technologies Inc Earnings Call
Operator: Welcome to SIGA business update call. Before we turn the call over to SIGA management, please note that any forward-looking statements made during this call are based on management's current expectations and observations and are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. SIGA does not undertake any obligation to update publicly any forward-looking statements to reflect events or changed circumstances after this call. For a discussion of factors that could cause results to differ, please see the company's filings with the Securities and Exchange Commission, including, without limitation, the company's annual report on Form 10-K for the year ended 31 December 2025, and its subsequent reports on Form 10-Q and Form 8-K. I will turn the call over to Diem Nguyen, Chief Executive Officer of SIGA. Please go ahead.
Operator: Welcome to SIGA business update call. Before we turn the call over to SIGA management, please note that any forward-looking statements made during this call are based on management's current expectations and observations and are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. SIGA does not undertake any obligation to update publicly any forward-looking statements to reflect events or changed circumstances after this call. For a discussion of factors that could cause results to differ, please see the company's filings with the Securities and Exchange Commission, including, without limitation, the company's annual report on Form 10-K for the year ended 31 December 2025, and its subsequent reports on Form 10-Q and Form 8-K. I will turn the call over to Diem Nguyen, Chief Executive Officer of SIGA. Please go ahead.
Speaker #1: Form 8-K. With that, I will turn the call over to Zamwin, Chief Executive Officer of SIGA. Please go ahead. SIGA does not undertake any
Diem Nguyen: Good afternoon, everyone. Thank you for joining today's call and review of our business results. I'm joined by Dan Luckshire, our Chief Financial Officer, and we appreciate this opportunity to provide an update on our company. After the update, we'll be happy to answer your questions. I am pleased to report that SIGA continues to make product deliveries and generate revenues while navigating an evolving and dynamic global environment. Despite the external challenges, our focus has not wavered. We continue to engage and partner with governments to build and strengthen long-term preparedness against potential biological threats, namely smallpox. We serve many countries with our smallpox antiviral treatment, and we remain committed to positioning TPOXX for rapid large-scale deployment the moment an outbreak demands it. The threat of smallpox is real, and preparedness requires proactive, sustained government investment in medical countermeasure stockpiles.
Diem Nguyen: Good afternoon, everyone. Thank you for joining today's call and review of our business results. I'm joined by Dan Luckshire, our Chief Financial Officer, and we appreciate this opportunity to provide an update on our company. After the update, we'll be happy to answer your questions. I am pleased to report that SIGA continues to make product deliveries and generate revenues while navigating an evolving and dynamic global environment. Despite the external challenges, our focus has not wavered. We continue to engage and partner with governments to build and strengthen long-term preparedness against potential biological threats, namely smallpox. We serve many countries with our smallpox antiviral treatment, and we remain committed to positioning TPOXX for rapid large-scale deployment the moment an outbreak demands it. The threat of smallpox is real, and preparedness requires proactive, sustained government investment in medical countermeasure stockpiles.
Speaker #2: and thank you for joining today's call and review of our business results. I'm joined by Dan Luckshire, our Chief Financial Officer, and we appreciate this opportunity to provide an update on our company.
Speaker #2: questions. I'm and dynamic global environment. Despite the external After the update, we'll be happy to answer your wavered. We continue to engage and partner with government to build and strengthen long-term preparedness against potential biological threats, namely smallpox.
Speaker #2: We serve many countries with our smallpox antiviral treatment, and we remain committed to large-scale deployment the moment an outbreak demands it. The threat of smallpox is real, and preparedness requires proactive, sustained government investment in medical countermeasure stockpiles.
Speaker #2: We're proud of the role we play in those efforts. Turning now to our results. As I've said before, our business carries inherent quarter-to-quarter variability, so our results are best understood in the context of our longer horizon rather than any single period.
Diem Nguyen: We're proud of the role we play in those efforts. Turning now to our results. As I've said before, our business carries inherent quarter-to-quarter variability, so our results are best understood in the context of our longer horizon rather than any single period. With that backdrop, I'm pleased to share that for Q2 2026, we recorded product-related revenues of $38 million, mostly comprised of $24 million of IV TPOXX delivered to the U.S. Strategic National Stockpile and $13 million of oral TPOXX delivered to two international customers, one in the Asia Pacific region and one in Europe. This diversification across multiple formulations and customers demonstrate the enduring need for governments to protect against biological threats. Turning to the US, this quarter's IV TPOXX delivery marks the fulfillment of the final product order under our 19C contract.
Diem Nguyen: We're proud of the role we play in those efforts. Turning now to our results. As I've said before, our business carries inherent quarter-to-quarter variability, so our results are best understood in the context of our longer horizon rather than any single period. With that backdrop, I'm pleased to share that for Q2 2026, we recorded product-related revenues of $38 million, mostly comprised of $24 million of IV TPOXX delivered to the U.S. Strategic National Stockpile and $13 million of oral TPOXX delivered to two international customers, one in the Asia Pacific region and one in Europe. This diversification across multiple formulations and customers demonstrate the enduring need for governments to protect against biological threats. Turning to the US, this quarter's IV TPOXX delivery marks the fulfillment of the final product order under our 19C contract.
Speaker #2: With that backdrop, I'm pleased to share that for the second quarter of 2026, we recorded product-related revenues of $38,00,000, mostly comprised of 24 million of IV Tpox delivered to the U.S.
Speaker #2: Strategic National Stockpile and 13 million of oral Tpox delivered to two international customers. One in Europe. This diversification across multiple formulations and customers demonstrates enduring need for government to protect against biological threats.
Speaker #2: Turning to the U.S., this quarter's IV Tpox delivery marks the fulfillment of the final product order under our 19-C contract. Since 2018, we've successfully delivered on all our product obligations under the agreement, and we're proud of our performance and what it represents.
Diem Nguyen: Since 2018, we've successfully delivered on all our product obligations under the agreement. We're proud of our performance and what it represents. We look forward to building on our more than a decade-long partnership with the U.S. government. This track record highlights the historical strength of SIGA's business model and the important long-term role TPOXX has played in the government's smallpox preparedness. We continue to actively engage with the U.S. government across multiple levels on a new multi-year procurement contract. Further, we are encouraged by the recent Senate Health Committee hearings and vote regarding the President's nominee for the role of Assistant Secretary for Preparedness and Response. I will say that while progress toward a new contract has been slower than in the past, we continue to believe the case for smallpox preparedness remains strong.
Diem Nguyen: Since 2018, we've successfully delivered on all our product obligations under the agreement. We're proud of our performance and what it represents. We look forward to building on our more than a decade-long partnership with the U.S. government. This track record highlights the historical strength of SIGA's business model and the important long-term role TPOXX has played in the government's smallpox preparedness. We continue to actively engage with the U.S. government across multiple levels on a new multi-year procurement contract. Further, we are encouraged by the recent Senate Health Committee hearings and vote regarding the President's nominee for the role of Assistant Secretary for Preparedness and Response. I will say that while progress toward a new contract has been slower than in the past, we continue to believe the case for smallpox preparedness remains strong.
Speaker #2: We look forward to building on our more than decade-long partnership with the U.S. government. This track record highlights the historical strength of SIGA’s business model and the important, long-term role TPOXX has played in the government’s smallpox preparedness.
Speaker #2: We continue to actively engage with the U.S. government across multiple levels, on a new multi-year procurement contract. Further, we are encouraged by the recent Senate Help Committee hearings and vote regarding the President's nominee for the role of Assistant Secretary for Preparedness and Response.
Speaker #2: I will say that while progress toward a new contract has been slower than in the past, we continue to believe the case for smallpox preparedness remains strong.
Speaker #2: Moreover, we believe the U.S. government's ongoing funding of Tpox development programs together with Tpox orders that were recently filled reflect a continuing role for Tpox in the national smallpox preparedness.
Diem Nguyen: We believe the US government's ongoing funding of TPOXX development programs, together with TPOXX orders that were recently filled, reflect a continuing role for TPOXX in the national smallpox preparedness. Shifting to our international business, we continue to engage with governments and key stakeholders as they assess their preparedness strategies. Government procurement is, by nature, a complex process. The direction of these discussions reinforces our view that there are opportunities for additional international sales. As noted last quarter, we received a $13 million order from a country in the Asia Pacific region, which we delivered in Q2. Additionally, we delivered a small number of oral TPOXX courses to a new customer in Europe in Q2.
Diem Nguyen: We believe the US government's ongoing funding of TPOXX development programs, together with TPOXX orders that were recently filled, reflect a continuing role for TPOXX in the national smallpox preparedness. Shifting to our international business, we continue to engage with governments and key stakeholders as they assess their preparedness strategies. Government procurement is, by nature, a complex process. The direction of these discussions reinforces our view that there are opportunities for additional international sales. As noted last quarter, we received a $13 million order from a country in the Asia Pacific region, which we delivered in Q2. Additionally, we delivered a small number of oral TPOXX courses to a new customer in Europe in Q2.
Speaker #2: Shifting to our international business, we continue to engage with government and key stakeholders as they assess their preparedness strategies. Government procurement is by nature a complex process, but the direction of these discussions reinforces our view that there are opportunities for additional international sales.
Speaker #2: As noted order from a country in the Asia-Pacific region, which we delivered in the second quarter. Additionally, we delivered a small number of oral Tpox courses to a new customer in Europe in the second quarter.
Speaker #2: As a reminder, we recently entered into an exclusive license and distribution agreement with HICMA, MANA, FCE, in connection with the MENA region. Which includes countries in the Middle East and North Africa.
Diem Nguyen: As a reminder, we recently entered into an exclusive license and distribution agreement with Hikma Mena FZE in connection with the MENA region, which includes countries in the Middle East and North Africa. Since then, we've been meeting regularly with Hikma to develop a detailed plan to expand TPOXX footprints across MENA, a region where SIGA has historically been underrepresented. Under the agreement, Hikma holds the right to register and commercialize TPOXX across MENA, and SIGA serves as the exclusive manufacturer and supplier of finished product. Hikma's regional presence and expertise in bringing innovative medicines to market make them the right partner to expand access to TPOXX in these markets. Turning to our pipeline, we continue to advance our post-exposure prophylaxis, or PEP, and pediatric programs.
Diem Nguyen: As a reminder, we recently entered into an exclusive license and distribution agreement with Hikma Mena FZE in connection with the MENA region, which includes countries in the Middle East and North Africa. Since then, we've been meeting regularly with Hikma to develop a detailed plan to expand TPOXX footprints across MENA, a region where SIGA has historically been underrepresented. Under the agreement, Hikma holds the right to register and commercialize TPOXX across MENA, and SIGA serves as the exclusive manufacturer and supplier of finished product. Hikma's regional presence and expertise in bringing innovative medicines to market make them the right partner to expand access to TPOXX in these markets. Turning to our pipeline, we continue to advance our post-exposure prophylaxis, or PEP, and pediatric programs.
Speaker #2: Since then, we've been meeting regularly with HICMA to develop a detailed plan to expand Tpox footprints across MENA, a region where SIGA has historically been underrepresented.
Speaker #2: Under the agreement, HICMA holds the right to register and commercialize Tpox across MENA and SIGA serves as the exclusive manufacturer and supplier of finished product.
Speaker #2: HICMA's regional presence and expertise in bringing innovative medicines partner to expand access to Tpox in these markets. Turning to our pipeline, we continue to advance our post-exposure prophylaxis, or PEP, and pediatric programs.
Speaker #2: On the PEP program, the CDC is advancing its work on the mutagenicity samples, and we are targeting an FDA submission in the first half of 2027.
Diem Nguyen: On the PEP program, the CDC is advancing its work on the immunogenicity samples. We are targeting an FDA submission in H1 2027. On the pediatric program, our phase I study results are expected by year-end, which will determine the next steps. Children will be among the most vulnerable in the smallpox outbreak, and a purpose-built liquid gives clinicians a reliable, weight-based way to treat them. Together with oral and IV formulations, it extends coverage across a full population from infants to adults. In short, we are focused on what has always driven SIGA: financial and operational discipline and the partnerships that position us for the long-term success. As 2026 progresses, we believe the case for preparedness has never been clearer and neither has our purpose. Smallpox and other high-consequence viruses are a serious threat. They are threats that we can manage with preparation.
Diem Nguyen: On the PEP program, the CDC is advancing its work on the immunogenicity samples. We are targeting an FDA submission in H1 2027. On the pediatric program, our phase I study results are expected by year-end, which will determine the next steps. Children will be among the most vulnerable in the smallpox outbreak, and a purpose-built liquid gives clinicians a reliable, weight-based way to treat them. Together with oral and IV formulations, it extends coverage across a full population from infants to adults. In short, we are focused on what has always driven SIGA: financial and operational discipline and the partnerships that position us for the long-term success. As 2026 progresses, we believe the case for preparedness has never been clearer and neither has our purpose. Smallpox and other high-consequence viruses are a serious threat. They are threats that we can manage with preparation.
Speaker #2: On the pediatric program, our Phase I study results are expected by year-end, which will determine the next steps. Children will be among the most vulnerable in the smallpox outbreak, and a purpose-built liquid gives clinicians a reliable, weight-based way to treat them.
Speaker #2: Together with oral and IV formulations, it extends coverage across a full population from infants to adults. In short, we are focused on what has always driven SIGA: financial and operational discipline and the partnerships that position us for the long-term success.
Speaker #2: As 2026 progresses, we believe the case for preparedness has never been clear, and neither has our purpose. Smallpox and other high-consequence viruses are a serious threat, but they are threats that can be managed with preparation.
Speaker #2: We believe Tpox's uniquely suited to meet the smallpox threat. With that, I'll turn over to Dan to review the financial results in more detail.
Diem Nguyen: We believe TPOXX is uniquely suited to meet the smallpox threat. With that, I'll turn over to Dan to review the financial results in more detail. Dan?
Diem Nguyen: We believe TPOXX is uniquely suited to meet the smallpox threat. With that, I'll turn over to Dan to review the financial results in more detail. Dan?
Speaker #2: Dan?
Speaker #3: Thanks, Dan. As noted earlier in the call, the company had product-related revenues of $38,000,000 in the second quarter. Following the first quarter, in which there were minimal product revenues, reflecting the variable rhythm of SIGA's business model.
Dan Luckshire: Thanks, Diem. As noted earlier in the call, the company had product-related revenues of $38 million in Q2, following the Q1 in which there were minimal product revenues, reflecting the variable rhythm of SIGA's business model. Product revenues for Q2 include approximately $24 million of IV TPOXX deliveries to SNS and approximately $13 million of international sales to two international customers. The $24 million of IV TPOXX deliveries represent the completion of an order received in 2025 under the 19C contract. The $13 million of international sales is mostly attributable to an order received earlier this year from a customer in the Asia Pacific region. For the H1 ended 30 June 2026, product-related revenues are $41 million, mostly driven by activity in Q2.
Dan Luckshire: Thanks, Diem. As noted earlier in the call, the company had product-related revenues of $38 million in Q2, following the Q1 in which there were minimal product revenues, reflecting the variable rhythm of SIGA's business model. Product revenues for Q2 include approximately $24 million of IV TPOXX deliveries to SNS and approximately $13 million of international sales to two international customers. The $24 million of IV TPOXX deliveries represent the completion of an order received in 2025 under the 19C contract. The $13 million of international sales is mostly attributable to an order received earlier this year from a customer in the Asia Pacific region. For the H1 ended 30 June 2026, product-related revenues are $41 million, mostly driven by activity in Q2.
Speaker #3: Product approximately $24,000,000 of IV Tpox deliveries to the SNS and approximately $13,000,000 of international sales to two international customers. The $24,000,000 of IV Tpox deliveries represents the completion of an order received in 2025 under the 19-C contract.
Speaker #3: The $13,000,000 of international sales is mostly attributable to an order received earlier this year from a customer in the Asia-Pacific region. For the six months ended June 30, 2026, product-related revenues are $41,000,000.
Speaker #3: Mostly driven by activity in the second quarter. In addition to product-related revenues for the three and six months ended June 30, 2026, the company also had research and development revenues of approximately $3,000,000 and $6,000,000, respectively, during those periods.
Dan Luckshire: In addition to product-related revenues for the Q2 and H1 ended 30 June 2026, the company also had research and development revenues of approximately $3 million and $6 million, respectively, during those periods. Pre-tax operating income for Q2, which excludes interest income and taxes, is approximately $14 million. For the H1 ended 30 June 2026, pre-tax operating income is approximately $9 million. Net income for Q2 is approximately $12 million. For the H1 ended 30 June 2026, net income is $9 million. In turn, fully diluted income per share for Q2 is $0.17 per share, while fully diluted income per share for the H1 ended 30 June 2026, is $0.13 per share. The company continues to maintain a strong balance sheet. As of 30 June 2026, the company had a cash balance of approximately $118 million and no debt.
Dan Luckshire: In addition to product-related revenues for the Q2 and H1 ended 30 June 2026, the company also had research and development revenues of approximately $3 million and $6 million, respectively, during those periods. Pre-tax operating income for Q2, which excludes interest income and taxes, is approximately $14 million. For the H1 ended 30 June 2026, pre-tax operating income is approximately $9 million. Net income for Q2 is approximately $12 million. For the H1 ended 30 June 2026, net income is $9 million. In turn, fully diluted income per share for Q2 is $0.17 per share, while fully diluted income per share for the H1 ended 30 June 2026, is $0.13 per share. The company continues to maintain a strong balance sheet. As of 30 June 2026, the company had a cash balance of approximately $118 million and no debt.
Speaker #3: Pre-tax operating income for the quarter, which excludes interest income and taxes, is approximately $14,000,000. For the six months ended June 30, 2026, pre-tax operating income is approximately $9,000,000.
Speaker #3: Net income for the quarter is approximately $12,000,000. For the six months ended June 30, 2026, net income is $9,000,000. In turn, fully diluted income per share for the quarter is $17 cents per share, while fully diluted income per share for the six months ended June 30, 2026, is $13 cents per share.
Speaker #3: The company continues to maintain a strong balance sheet. As of June 30, 2026, the company had a cash balance of approximately $118,000,000 and no debt.
Speaker #3: This concludes the financial update. At this point, I will turn the call back to Zem.
Dan Luckshire: This concludes the financial update. At this point, I will turn the call back to Diem.
Dan Luckshire: This concludes the financial update. At this point, I will turn the call back to Diem.
Speaker #2: Thank you, Dan. With that, we would like to open the call for questions.
Diem Nguyen: Thank you, Dan. With that, we would like to open the call for questions.
Diem Nguyen: Thank you, Dan. With that, we would like to open the call for questions.
Operator: Thank you. Ladies and gentlemen, if you do have any questions at this time, please press star followed by one on your touchtone phone. You will hear a prompt that your hand has been raised. Should you wish to decline from the polling process, please press star followed by two. If you're using a speakerphone, you will need to lift the handsets first before pressing any key. Please go ahead and press star one now if you do have any questions. First, we will hear from Jyoti Prakash at Edison Group. Please go ahead.
Operator: Thank you. Ladies and gentlemen, if you do have any questions at this time, please press star followed by one on your touchtone phone. You will hear a prompt that your hand has been raised. Should you wish to decline from the polling process, please press star followed by two. If you're using a speakerphone, you will need to lift the handsets first before pressing any key. Please go ahead and press star one now if you do have any questions. First, we will hear from Jyoti Prakash at Edison Group. Please go ahead.
Speaker #4: Two. Ladies and gentlemen, if you do have any questions at this time, please press star followed by 1 on your touchdown phone. You will hear a prompt, then your hand has been raised.
Speaker #4: And should you wish to decline the polling process, please press star followed by 2. If you're using a speakerphone, you will need to lift the handset first before pressing any keys.
Speaker #4: Please go ahead and press star 1 now if you do have any questions. First, we will hear from UOT Prakash at Edison Group. Please go ahead.
Jyoti Prakash: Hi. Congratulations on the strong quarter, and thanks for taking my questions. My first question is related to the US RFP. The process has been slower than expected. What do you believe is the reason for this delay, and do you still think that an award in the second half of the year is possible? Will that be timely enough to support TPOXX deliveries in 2027?
Jyoti Prakash: Hi. Congratulations on the strong quarter, and thanks for taking my questions. My first question is related to the US RFP. The process has been slower than expected. What do you believe is the reason for this delay, and do you still think that an award in the second half of the year is possible? Will that be timely enough to support TPOXX deliveries in 2027?
Speaker #5: Hi. Congratulations on the strong quarter, and thanks for taking my questions. So my first question is related to the US RFPs. Now, the process has been slower than expected.
Speaker #5: What do you believe is the reason for this delay, and do you still think that an award in the second half of the year is possible?
Speaker #5: And will that be timely enough to support Tpox deliveries in 2027?
Speaker #6: Hi. Hi, Jyoti. It's nice to hear your voice. Just as a starting point, every new contract process is unique and different. And so there's inherent variability in the terms of timing and process.
Diem Nguyen: Hi, Jyoti. It's nice to hear your voice. Just as a starting point, every new contract process is unique and different, there's inherent variability in the terms of timing and process. You're correct that this process has certainly taken longer than generally expected. We believe the scale of change within HHS, including new initiatives, evolving priorities, transition of our contract from BARDA to SNS, and also key open leadership positions, have been a meaningful contributor to the slower pace towards this new contract. Based on the continuing funding of multiple initiatives at SIGA by BARDA and the recent delivery of the IV TPOXX to the SNS, we remain confident in TPOXX's role within the US government's smallpox preparedness strategy. It's a real threat that the CDC still classifies as a Category A threat.
Diem Nguyen: Hi, Jyoti. It's nice to hear your voice. Just as a starting point, every new contract process is unique and different, there's inherent variability in the terms of timing and process. You're correct that this process has certainly taken longer than generally expected. We believe the scale of change within HHS, including new initiatives, evolving priorities, transition of our contract from BARDA to SNS, and also key open leadership positions, have been a meaningful contributor to the slower pace towards this new contract. Based on the continuing funding of multiple initiatives at SIGA by BARDA and the recent delivery of the IV TPOXX to the SNS, we remain confident in TPOXX's role within the US government's smallpox preparedness strategy. It's a real threat that the CDC still classifies as a Category A threat.
Speaker #6: You're correct. This process has certainly taken longer than generally expected. We believe the scale of change within HHS, including new initiatives, evolving priorities, the transition of our contract from BARDA to SNS, and key open leadership positions, have all been meaningful contributors to the slower pace toward this new contract.
Speaker #6: Based on the continuing funding of multiple initiatives at SIGA by BARDA and the recent delivery of the IV Tpox to the SNS, we remain confident Tpox's role within the US government's smallpox preparedness strategy.
Speaker #6: It's a real threat that the CDC still classifies as a Category A threat.
Speaker #5: Thank you. And then just to follow up on that, so since the RFP has been delayed and there is some uncertainty on the timing, are you placing greater strategic emphasis on international markets?
Jyoti Prakash: Thank you. Just to follow up on that. Since the RFP has been delayed and there is some uncertainty on the timing, are you placing greater strategic emphasis on international markets? We could see that from the recent Hikma agreement and the 13 million international order, which was delivered this quarter. Do you expect any additional international orders within this year?
Jyoti Prakash: Thank you. Just to follow up on that. Since the RFP has been delayed and there is some uncertainty on the timing, are you placing greater strategic emphasis on international markets? We could see that from the recent Hikma agreement and the 13 million international order, which was delivered this quarter. Do you expect any additional international orders within this year?
Speaker #5: And we could see that from the recent HICMA agreement and the $13,000,000 international order, which was delivered this quarter. So do you expect any additional international orders within this year?
Speaker #6: Thanks, Jyoti. As you would expect, SIGA always has and will continue to focus on all of our customers, whether it's domestic or international. And given the broader geopolitical environment we're seeing, many governments sharpen their focus on biodefense as well as medical countermeasure preparedness.
Diem Nguyen: Thanks, Jyoti. As you would expect, SIGA always has and will continue to focus on all of our customers, whether it's domestic or international. Given the broader geopolitical environment, we're seeing many governments sharpen their focus on biodefense as well as medical countermeasure preparedness. The international procurement decisions are quite complex in nature. As such, we will not comment on specific outcomes at this stage. What I can say and share is, without getting into details, discussions with the international customer have been progressing to the point that we're targeting a new contract as well as an order against it and targeting hopefully a delivery in that order by March of 2025.
Diem Nguyen: Thanks, Jyoti. As you would expect, SIGA always has and will continue to focus on all of our customers, whether it's domestic or international. Given the broader geopolitical environment, we're seeing many governments sharpen their focus on biodefense as well as medical countermeasure preparedness. The international procurement decisions are quite complex in nature. As such, we will not comment on specific outcomes at this stage. What I can say and share is, without getting into details, discussions with the international customer have been progressing to the point that we're targeting a new contract as well as an order against it and targeting hopefully a delivery in that order by March of 2025.
Speaker #6: The international procurement decisions are quite complex in nature. As such, we will not comment on specific outcomes at this stage. But what I can say and share is, without getting into details, discussions with the international customer have been progressing.
Speaker #6: To the point that we're targeting a new contract, as well as an order against it, and targeting hopefully a delivery in that order by March of the next year.
Jyoti Prakash: Great. That's quite helpful. Just staying on the international business, your promotion agreement with Meridian recently expired. Has it been renewed or replaced? If not, how is SIGA now going to manage the promotion and customer relations across Meridian's former territories?
Jyoti Prakash: Great. That's quite helpful. Just staying on the international business, your promotion agreement with Meridian recently expired. Has it been renewed or replaced? If not, how is SIGA now going to manage the promotion and customer relations across Meridian's former territories?
Speaker #5: Great. That's quite helpful. And just staying on the international business, your promotion agreement with Meridian recently expired. Has it been renewed or replaced? And if not, how is SIGA now going to manage the promotion and customer relations across Meridian's former territories?
Diem Nguyen: Yes. Jyoti, as I shared, we're focused on all of our customers, since 2024, SIGA has handled and been responsible for the sales, marketing, distribution, and manufacturing of TPOXX in all of our international markets, even though the Meridian agreement didn't officially expire until May. From your perspective and everyone else's perspective, nothing has changed on our end. We continue running these functions as we have been. As with the case of recent international orders, activities, and new partnerships, the international business continues to move forward without interruption.
Diem Nguyen: Yes. Jyoti, as I shared, we're focused on all of our customers, since 2024, SIGA has handled and been responsible for the sales, marketing, distribution, and manufacturing of TPOXX in all of our international markets, even though the Meridian agreement didn't officially expire until May. From your perspective and everyone else's perspective, nothing has changed on our end. We continue running these functions as we have been. As with the case of recent international orders, activities, and new partnerships, the international business continues to move forward without interruption.
Speaker #6: Yes. Jyoti, as I shared, we're focused on all of our customers, and since 2024, SIGA has handled Ember Responsible for the sales, marketing, distribution, and manufacturing of Tpox in all of our international markets.
Speaker #6: Even though the Meridian agreement didn't officially expire until May, so from your perspective and everyone else's perspective, nothing has changed on our end. We continue running these functions as we have been.
Speaker #6: And as with the case of recent international orders, activities and new partnerships, the international business continues to move forward without interruption.
Speaker #5: That's great. Thank you so much, Zem. And that's all from my side. I appreciate your time, and I look forward to further updates in the next quarters.
Jyoti Prakash: That's great. Thank you so much, Zem. That's all from my side. Appreciate your time, I look forward to further updates in the next quarters. Thank you so much.
Jyoti Prakash: That's great. Thank you so much, Diem. That's all from my side. Appreciate your time, I look forward to further updates in the next quarters. Thank you so much.
Speaker #5: Thank you so much.
Diem Nguyen: Thanks, Jyoti.
Diem Nguyen: Thanks, Jyoti.
Speaker #6: Thanks, Jyoti.
Operator: Thank you. Ladies and gentlemen, a reminder to please press star one should you have any questions. At this time, we have no other questions registered, so I will turn the call back over to Diem.
Operator: Thank you. Ladies and gentlemen, a reminder to please press star one should you have any questions. At this time, we have no other questions registered, so I will turn the call back over to Diem.
Speaker #4: Thank you. Ladies and gentlemen, a reminder to please press star 1 should you have any questions. And at this time, we have no other questions registered, so I will turn the call back over to Zem.
Speaker #6: Thanks, Sylvie. I'd like to thank everybody for making time to join us on today's call and for your ongoing interest in SIGA. We look forward to speaking to you again in our third quarter call.
Diem Nguyen: Thanks, Sylvie. I'd like to thank everybody for making time to join us on today's call and for your ongoing interest in SIGA. We look forward to speaking to you again in our Q3 call. Have a good evening.
Diem Nguyen: Thanks, Sylvie. I'd like to thank everybody for making time to join us on today's call and for your ongoing interest in SIGA. We look forward to speaking to you again in our Q3 call. Have a good evening.
Speaker #6: Have a good evening.
Speaker #4: Thank you. Ladies and gentlemen, this does indeed conclude the conference call for today. Once again, thank you for attending. And at this time, we do ask that you please disconnect your lines.
Operator: Thank you. Ladies and gentlemen, this does indeed conclude the conference call for today. Once again, thank you for attending. At this time, we do ask that you please disconnect your lines.
Operator: Thank you. Ladies and gentlemen, this does indeed conclude the conference call for today. Once again, thank you for attending. At this time, we do ask that you please disconnect your lines.
