SIGA Technologies: Expansion Into mAbs Is Smart, But Eggs Remain In One Basket
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SIGA Technologies' stock has declined 37% since a previous 'speculative buy' recommendation due to a muted response to the mpox outbreak. The initial recommendation was based on the WHO's mpox emergency declaration and potential increased demand for SIGA's lead asset, tecovirimat. However, the outbreak has waned, and global authorities' response has been less aggressive, leading to lower-than-expected demand for tecovirimat.
November 21, 2024 | 10:15 pm
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SIGA Technologies' stock has dropped 37% due to a muted response to the mpox outbreak, leading to lower demand for its lead asset, tecovirimat.
The decline in SIGA's stock is directly linked to the reduced demand for tecovirimat, its lead asset, as the mpox outbreak has waned and global response has been less aggressive than anticipated. This has led to a significant drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100