PharmAthene, Inc(PIP)- NYSEMKT
  • Thu, Aug. 4, 5:20 PM
    • PharmAthene (NYSEMKT:PIP): Q2 EPS of $0.12
    • Revenue of $2.11M (+83.5% Y/Y)
    • Press Release
    | Thu, Aug. 4, 5:20 PM
  • Fri, Jul. 8, 6:09 PM
    | Fri, Jul. 8, 6:09 PM
  • Mon, May 9, 5:37 PM
    • PharmAthene (NYSEMKT:PIP): Q1 EPS of -$0.02
    • Revenue of $1.01M (-85.7% Y/Y)
    • Press Release
    | Mon, May 9, 5:37 PM
  • Wed, Apr. 13, 8:41 AM
    • SIGA Technologies (OTCPK:SIGAQ) emerged from Chapter 11 bankruptcy yesterday under a reorganization plan negotiated between the company and the Statutory Creditor's Committee, which includes PharmAthene (NYSEMKT:PIP), and approved by the U.S. Bankruptcy Court for the Southern District of New York.
    • Under the terms of the plan, SIGA has made an initial nonrefundable $5M payment to PharmAthene that will be credited against the final satisfaction of PharmAthene's ~$205M claim plus interest. The entire amount must be paid no later than October 20 by either paying the entire amount in cash plus interest that will accrue at 8.75% or 100% of SIGA's common stock (SIGA's choice) or another treatment mutually agreed upon by the companies and approved by the Court.
    • If SIGA pays in cash, PharmAthene intends to distribute at least 90% of the after-tax proceeds to shareholders. It plans to use the remainder for M&A deals or partnering transactions. If SIGA elects to deliver 100% of its stock to PharmAthene, then it will develop a plan for operating SIGA as a separate business.
    • SIGA filed for bankruptcy protection in December 2015 after losing its litigation with PharmAthene over a smallpox antiviral that began in 2006.
    • PIP is up 5% premarket on light volume.
    • Read now 2 Extraordinary Value Bargains, Part I: Galloping Toward PharmAthene and Tonix's Red Letter Days 
    | Wed, Apr. 13, 8:41 AM | 4 Comments
  • Fri, Mar. 11, 9:44 AM
    • PharmAthene (PIP -2.4%) FY15 results: Revenues: $10.6M (+3.9%); R&D Expense: $5.1M (-45.2%); SG&A: $6.2M (-43.1%); Net Loss: ($3.4M) (+66.0%); Loss Per Share: ($0.05) (+70.6%); Quick Assets: $15.6M (-16.1%).
    • No guidance given.
    | Fri, Mar. 11, 9:44 AM
  • Fri, Mar. 11, 8:22 AM
    • PharmAthene (NYSEMKT:PIP): FY15 EPS of -$0.05
    • Revenue of $10.64M (+4.4% Y/Y)
    • Press Release
    | Fri, Mar. 11, 8:22 AM
  • Dec. 24, 2015, 9:13 AM
    | Dec. 24, 2015, 9:13 AM
  • Dec. 23, 2015, 6:04 PM
    • The Delaware Supreme Court affirms the earlier judgement by the Court of Chancery that awarded PharmAthene (NYSEMKT:PIP) $195M from SIGA Technologies (NASDAQ:SIGA)(OTCPK:SIGAQ) related to their litigation over the smallpox antiviral Arestvyr that began in 2006.
    • SIGA chief Dr. Eric Rose says, "We are surprised and very disappointed by this ruling. Nevertheless, in anticipation of [the ruling], on December 15, 2015 SIGA filed a plan of reorganization in its pending case under Chapter 11 of the U.S. Bankruptcy Code. The plan, among other things, affords SIGA with certain options to satisfy PharmAthene's claim. The plan is supported by the Official Committee of Unsecured Creditors appointed in SIGA's Chapter 11 case, of which PharmAthene is one of two members. We remain absolutely committed to continuing to produce and deliver our smallpox antiviral drug, Tecovirimat, to the U.S. Government's Biomedical Advanced Research and Development Authority, pursuing FDA approval and operating our business."
    • Previously: Delaware Court rules against Siga (Jan. 7)
    • Previously: Siga files Chapter 11 (Sept. 16, 2014)
    • Previously: Siga appeals court ruling (Jan. 17)
    | Dec. 23, 2015, 6:04 PM | 8 Comments
  • Nov. 6, 2015, 4:04 PM
    • PharmAthene (NYSEMKT:PIP): Q3 EPS of -$0.02
    • Revenue of $1.16M (+16.0% Y/Y)
    | Nov. 6, 2015, 4:04 PM
  • Aug. 5, 2015, 5:52 PM
    • PharmAthene (NYSEMKT:PIP): Q2 EPS of -$0.04
    • Revenue of $1.15M (-68.6% Y/Y)
    | Aug. 5, 2015, 5:52 PM
  • May 7, 2015, 5:30 PM
    • PharmAthene (NYSEMKT:PIP): Q1 EPS of $0.02
    • Revenue of $7.1M (+91.9% Y/Y)
    | May 7, 2015, 5:30 PM
  • Apr. 13, 2015, 11:37 AM
    • The Department of Health and Human Services' Biomedical Advanced Research and Development Authority (BARDA) makes a one-time $5.8M payment to PharmAthene (PIP) to reconcile the difference between the actual and provisional rates on the performance of the SparVax contract for the period 2008 - 2013. BARDA canceled the contract on February 28 of this year.
    • Previously: HHS backs off Anthrax vaccine contract (April 7, 2014)
    | Apr. 13, 2015, 11:37 AM
  • Mar. 10, 2015, 9:43 AM
    • PharmAthene (PIP -4.1%) FY14 results: Revenues: $10.2M (-43.0%); R&D Expense: $9.3M (-39.2%); SG&A: $10.9M (-18.0%); Operating Loss: ($10.2M) (+5.6%); Net Loss: ($10M) (+14.5%); Loss Per Share: ($0.17) (+26.1%); Quick Assets: $18.6M (+77.1%).
    • No guidance given.
    | Mar. 10, 2015, 9:43 AM
  • Mar. 9, 2015, 4:19 PM
    • PharmAthene (NYSEMKT:PIP): FY14 EPS of -$0.17
    • Revenue of $10.19M (-43.1% Y/Y)
    | Mar. 9, 2015, 4:19 PM
  • Jan. 17, 2015, 12:34 PM
    | Jan. 17, 2015, 12:34 PM | 14 Comments
  • Jan. 16, 2015, 7:30 AM
    • PharmAthene (NYSEMKT:PIP) is up 25% premarket on modest volume after the Delaware Court of Chancery enters its Final Order and Judgement in its litigation against Siga Technologies. The total judgment is $194,649,041.74 which includes $113,116,985 in lump sum expectation damages for PIP's lost profits for Siga's smallpox antiviral, Tecovirimat, $81,532,056.74 in pre-judgment interest, attorneys' fees and expert witness fees. Siga will also have to pay daily post-judgment interest of $30,663.89 beginning today.
    • Previously: Delaware Court rules against Siga (Jan. 7)
    | Jan. 16, 2015, 7:30 AM | 5 Comments
Company Description
PharmAthene, Inc. operates as a biodefense company, which is engaged in the development and commercialization of medical countermeasures against biological and chemical threats. Its biodefense candidates include Anthrax vaccines including SparVax, a second generation liquid recombinant... More
Sector: Healthcare
Industry: Biotechnology
Country: United States