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PharmAthene (PIP) is poised to jump. Three recent developments have affected its stock price:
- the flu product of its prospective merger partner (Theraclone Sciences) failed to reach its clinical trial's primary endpoint, after which the Department of Health and Human Services' Biomedical Advanced Research and Development Authority (BARDA) declined funding;
- PharmAthene terminated its merger with Theraclone; and
- the FDA placed a clinical hold on SparVax, PharmAthene's anthrax product.
There has also been a lack of news about the seven-year legal battle with SIGA Technologies (...
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