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PharmAthene Reports Year-End 2009 Financial and Operational Results and Provides Update On Ongoing Litigation With SIGA Technologies
Date:3/23/2010

Mr. Wright continued, "Regarding the Company's ongoing litigation with SIGA Technologies, discovery in the case was completed in February.  On March 19th SIGA filed a motion for summary judgment.  PharmAthene's reply brief and any cross motions for summary judgment are due in April, and we believe we have several persuasive counter-arguments. All other summary judgment related briefs are due from both parties in May.  We anticipate the court will hold a hearing on the motions in June or July.  Thereafter, once the court rules on the motions for summary judgment, and assuming no open issues remain in the case, the parties can then ask the court to set a trial date.  We continue to believe that our case has merit and intend to pursue it vigorously."

Conference Call and Webcast Information

PharmAthene management will host a conference call to discuss the Company's year-end financial results.  The call is scheduled to begin at 4:30 p.m. Eastern Time on Tuesday, March 23, 2010, and is expected to last approximately 45 minutes.

The dial-in number within the United States is 800-659-1942.  
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SOURCE PharmAthene, Inc.
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