PharmAthene (PIP -7%) trades lower today after saying that it's awaiting a ruling after the...

|By:, SA News Editor

PharmAthene (PIP -7%) trades lower today after saying that it's awaiting a ruling after the Delaware Supreme Court heard oral arguments today related to on-going litigation against SIGA Technologies. SIGA appealed the final judgment in favor of PIP issued in May, in which PIP was awarded 50% of the net profits over a period of ten years from all sales of SIGA's smallpox antiviral therapeutic, Arestvyr.