PharmAthene Announces Conclusion of Oral Arguments In Its Litigation Against SIGA

Oct 07, 2015, 17:28 ET from PharmAthene, Inc.

ANNAPOLIS, Md., Oct. 7, 2015 /PRNewswire/ -- PharmAthene, Inc. (NYSE MKT: PIP)  announced that oral arguments in SIGA's appeal and PharmAthene's cross-appeal of the Delaware Court of Chancery's January 15, 2015 Final Order and Judgment in PharmAthene's litigation against SIGA  took place in the Delaware Supreme Court today at 11:00 am ET. The oral argument proceedings may be viewed online at: http://livestream.com/DelawareSupremeCourt/events/4404659/videos/101331469

No conclusions about the final outcome of the case should be drawn from the arguments of counsel before the Court.  There can be no assurances that the Delaware Supreme Court will rule in PharmAthene's favor, or that PharmAthene will receive any payments from SIGA. The Court could take a variety of actions, including reversing the previous decision or remanding the case to the Court of Chancery.  

 

SOURCE PharmAthene, Inc.



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