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SIGA Technologies Files Notice of Appeal in PharmAthene Litigation
Date:6/12/2012

NEW YORK, June 12, 2012 /PRNewswire/ -- SIGA Technologies, Inc. (NASDAQ: SIGA), a company specializing in the development of pharmaceutical agents to fight pathogens capable of use as bioweapons, today announced that it has filed a Notice of Appeal seeking to overturn the Delaware Chancery Court's May 31, 2012 final order and judgment in the litigation that PharmAthene, Inc. commenced in December 2006. 

Dr. Eric A. Rose, SIGA's Chief Executive Officer, commented, "We look forward to the opportunity to show why the Chancery Court's rulings were made in error."

While SIGA believes its appellate arguments are meritorious, no assurance can be given that the appeal will be successful.  

About SIGA Technologies, Inc.
In the United States and around the world, populations face a serious but unmet need for drugs to protect against potentially catastrophic emerging viral pathogens and biological weapons of mass destruction. SIGA Technologies, Inc. is a pharmaceutical company specializing in the development and commercialization of therapeutic solutions for some of the most lethal disease causing pathogens in the world - smallpox, Ebola, dengue, Lassa fever and other dangerous viruses. Our business is to discover, develop, manufacture and successfully commercialize drugs to prevent and treat these high priority threats. Our mission is to disarm dreaded viral diseases and create robust, modern biodefense countermeasures. For more information about SIGA, please visit SIGA's web site at www.siga.com.

The SIGA Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4504

Forward-looking Statements
This press release contains certain "forward-looking statements"' within the meaning of the Private Securities L
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