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Biotech / Medical : SIGA Technologies Inc.
SIGA 8.410+3.4%Nov 5 3:59 PM EST
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To: caly who wrote (49)12/27/2006 11:25:07 AM
From: caly   of 160
 
Form 8-K for SIGA TECHNOLOGIES INC

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22-Dec-2006

Other Events

Item 8.01. Other Events.
On December 20, 2006, PharmAthene, Inc. ("PharmAthene") filed a complaint (the "Complaint") against SIGA Technologies, Inc. ("SIGA") in the Delaware Chancery Court. PharmAthene's complaint alleges that it has the right to license exclusively development and marketing rights for SIGA's drug candidate, SIGA-246, pursuant to, among other things, the recently terminated merger agreement between the parties. PharmAthene's complaint further alleges that SIGA failed to negotiate the terms of such license in good faith and otherwise failed to grant such license, and it seeks to compel SIGA to enter into such license and pay unspecified damages. SIGA believes that the complaint lacks merit and intends to contest vigorously the alleged claims.
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