SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
AMENDMENT NO. 1
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
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SIGA PHARMACEUTICALS, INC.
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December 20, 1999
Dear Shareholder:
1998-1999 has been an important period for SIGA. In September 1999, we announced
that we were evaluating strategic alternatives aimed at enhancing shareholder
value and that these alternatives included the possible development or
acquisition of an Internet technology.
In December 1999, we announced that we entered into an agreement for the
acquisition and further development of an Internet communications tool from
Open-i Media, Inc., a New York based software and web developer. The
client/server application, whose working name is PeerFinder, is designed to
enable real-time peer-to-peer communication at or between web sites and to
facilitate the building of online communities.
PeerFinder is being developed to make the Internet more dynamic and interactive
by enabling group or private communication that complements the user's normal
surfing habits. PeerFinder will travel with the user from site to site and is
not restricted to any single Web site, portal or chat room. By combining the
search for content with peer-to-peer communication, users will be able to more
easily locate information, transact business, solicit product reviews, or simply
converse on the topic at hand.
In 1998-1999, we continued to make progress in the laboratory and in the clinic
on our lead vaccine and antibiotic programs. We received two SBIR grants and
several patents on both our vaccine and antibiotic technologies, and we
announced significant management changes. In September 1999, we announced that
we would be consolidating our biotechnology assets and operations in SIGA
Research Labs, a separate business unit based in Corvallis, Oregon, and that our
strategy would be to fund our ongoing vaccine and antibiotic programs through a
combination of government grants, corporate partnerships and other alliances, as
we explore various strategic alternatives.
As we enter a new stage in the growth and direction of SIGA, we would like to
thank our employees and you, our shareholders, for your confidence, and we look
forward to reporting our continued progress.
Very sincerely yours,
Judson A. Cooper
Chairman
Joshua D. Schein, Ph.D.
Chief Executive Officer