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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

Copies of PharmAthene's public disclosure filings are available from its investor relations department and our website under the investor relations tab at www.PharmAthene.com.

    
    
    
                                  PHARMATHENE, INC.
                            CONSOLIDATED BALANCE SHEETS
    
                                                       December 31,
                                                       ------------
                                                   2009           2008
                                                   ----           ----
                  ASSETS
                  ------
    Current assets:
              Cash and cash equivalents         $2,673,567    $19,752,404
              Restricted cash                                  12,000,000
              Short-term investments             3,137,071      3,190,912
              Accounts receivable                8,866,346      3,800,840
              Other receivables
               (including unbilled
                receivables)                     8,566,425      6,480,749
              Prepaid expenses and
               other current assets                973,214        917,125
                                                 ---------      ---------
    
    Total current assets                        24,216,623     46,142,030
    
    Long-term restricted cash                            -      1,250,000
    Property and equipment, net                  6,262,388      5,313,219
    Patents, net                                   928,577  
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SOURCE PharmAthene, Inc.
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