PharmAthene (PIP +37%) soars today, after a U.S. court upheld a ruling awarding it a portion of...

|By:, SA News Editor

PharmAthene (PIP +37%) soars today, after a U.S. court upheld a ruling awarding it a portion of profits received by Siga Technologies (SIGA -2.6%) from its smallpox antiviral drug, ST-246. The decision is just the latest development in what has turned out to be a long-running legal battle between the two companies.