Delaware Court of Chancery Orders SIGA To Pay PharmAthene Lump Sum Expectation Damages
Court Also Awards Prejudgment Interest and Reasonable Attorneys' and Expert Witness Fees
ANNAPOLIS, Md., Aug. 10, 2014 -- PharmAthene, Inc. (NYSE MKT: PIP) announced today that on August 8, 2014, the Delaware Court of Chancery issued a Memorandum Opinion and awarded to PharmAthene lump sum expectation damages for the value of PharmAthene's lost profits for SIGA Technologies, Inc.'s smallpox antiviral, Tecovirimat (formerly known as ST-246 and Arestvyr™). In addition, the Court ordered SIGA to pay prejudgment interest and varying percentages of PharmAthene's reasonable attorneys' and expert witness fees.
- Published: 11 August 2014
- Written by Editor