PharmAthene Says It Is Company's Policy Not to Comment on Market Rumors

PharmAthene, Inc. PIP announced today that in view of the relatively large increase in the price of its stock at the end of the trading day on August 25, 2011, the NYSE Amex has contacted the Company in accordance with its usual practice. It is the Company's policy not to comment on market rumors. However, in compliance with NYSE Amex listing requirements and at the Exchange's direction, the Company confirms that at the time of this release, it has not received from the Court of Chancery of Delaware a decision relating to the pending litigation with Siga Technologies, Inc. or any additional specific information relating to the timing thereof.