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PharmAthene Reports Third Quarter 2013 Financial And Operational Results
Date:11/7/2013

ANNAPOLIS, Md., Nov. 7, 2013 /PRNewswire/ -- 

Recent Highlights

  • On track to commence SparVax® Phase 2 clinical trial
  • Presented new SparVax® anthrax vaccine data at the 2013 Bacillus-ACT International Conference and the 53rd Annual Interscience Conference on Antimicrobial Agents and Chemotherapy
  • Advanced proposed merger with Theraclone Sciences; filed amended Form S-4 registration statement and set date for special stockholders meeting
  • PharmAthene, Inc. (NYSE MKT: PIP), a biodefense company developing medical countermeasures against biological and chemical threats, today reported its financial and operational results for the third quarter ended September 30, 2013.

    "Progress in our next generation SparVax® anthrax vaccine program continued at a steady pace in the third quarter," commented Eric I. Richman, President and Chief Executive Officer.  "PharmAthene scientists presented new analytical and non-clinical animal data for SparVax® at two important medical meetings. The data provided further confirmation of the immunogenicity and efficacy of SparVax® and demonstrated our progress in developing a newer, more robust functional assay for anthrax vaccine development.  We are also pleased to report that we are on track to initiate the planned Phase 2 clinical trial of SparVax®, which we anticipate will begin by the end of the year."

    Mr. Richman continued, "Most importantly, during the third quarter we announced our proposed merger with Theraclone Sciences, a privately-held company with impressive monoclonal antibody (mAb) discovery and development capabilities. Following the completion of the merger, the new company will feature vaccine and human monoclonal antibody expertise with a focus on infectious diseases and oncology and a robust pipeline with four clinical-stage and multip
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    SOURCE PharmAthene, Inc.
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