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Stock Market & Financial Investment News

News Breaks
March 13, 2013
06:47 EDTSIGA, PIPCritics question SIGA Technologies smallpox deal, NY Times says
The U.S. has agreed to buy $463M of a new smallpox vaccine from Siga Technologies (SIGA), and began taking delivery of the treatment this week, according to The New York Times. The deal has stirred controversy, as some say the government is paying far too much for the drug and has ordered too much of it, the newspaper stated. Reference Link
News For SIGA;PIP From The Last 14 Days
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August 11, 2014
09:06 EDTPIP, SIGAOn The Fly: Pre-market Movers
HIGHER: PharmAthene (PIP), up 55% after announcing that a Delaware court awarded the company lump sum expectation damages for the value of its lost profits for SIGA Technologies' (SIGA) smallpox antiviral, Tecovirimat... MannKind (MNKD), up 19% after entering exclusive licensing agreement for development and commercialization of Afrezza inhaled insulin with Sanofi (SNY)... Kinder Morgan (KMI), up 19% after announcing it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Tesla (TSLA), up 2.7% following upgrade at Deutsche Bank... Achillion (ACHN), up 6% following upgrades at Wells Fargo and at Piper Jaffray... PepsiCo (PEP), up 0.9% following upgrade at UBS. LOWER: Dean Foods (DF), down 8.6% after reporting Q2 losses that were steeper than expected, saying balance of year "appears rocky," which makes it difficult to provide guidance beyond the immediate quarter... Priceline (PCLN), down 0.7% after reporting Q2 revenue that missed expectations, guiding Q3 EPS below consensus... SIGA Technologies, down 31% after ruling in suit with PharmAthene... 2U (TWOU), down 4.3% after downgraded at Goldman.
08:56 EDTPIPPharmAthene price target raised to $6 from $4 at Aegis
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August 10, 2014
14:23 EDTPIP, SIGAPharmAthene awarded lump sum expectation damages from SIGA Technologies
PharmAthene (PIP) announced that on August 8, 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 (SIGA) smallpox antiviral, Tecovirimat. In addition, the Court ordered SIGA to pay prejudgment interest and varying percentages of PharmAthene's reasonable attorneys' and expert witness fees."We are extremely pleased by the Chancery Court's ruling to award PharmAthene lump sum expectancy damages that it suffered due to SIGA's breach of contract," said Eric I. Richman, President and CEO. "We look forward to working with our damages expert to calculate the lump sum damage amounts in accordance with the Court's decision and its instructions in the accompanying order."

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