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Mitchel Sayare, Ph.D. to Succeed John Pappajohn as Chairman of the Company's Board of Directors
Date:7/15/2011

ience and long tenure in the biotechnology industry provides a broad network of contacts and vast institutional knowledge to assist us as we continue to focus on making PharmAthene the leading provider of urgently needed medical countermeasures for the nation."

"We are extremely grateful for the wisdom, guidance and support our former Chairman, John Pappajohn, has contributed to our organization over the last several years." continued Mr. Richman.  "On behalf of our management team and fellow Board members, we extend our sincere gratitude to John for his tireless service and dedication to PharmAthene."

About PharmAthene, Inc.

PharmAthene was formed to meet the critical needs of the United States and its allies by developing and commercializing medical countermeasures against biological and chemical weapons. PharmAthene's lead product development programs include:

  • SparVax™ – second generation recombinant protective antigen (rPA) anthrax vaccine
  • Valortim®  – fully human monoclonal antibody for the prevention and treatment of anthrax infection
  • rBChE (recombinant butyrylcholinesterase) – a medical countermeasure for nerve agent poisoning by organophosphorous compounds, including nerve agents and pesticides

For more information about PharmAthene, please visit www.PharmAthene.com.

Statement on Cautionary Factors

Except for the historical information presented herein, matters discussed may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements preceded by,
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SOURCE PharmAthene, Inc.
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