Siga Shouldn’t Have to Pay PharmAthene Over Drug, Lawyer Says

Siga Technologies Inc. (SIGA) shouldn’t have to hand over 50 percent of the profits from a smallpox medicine to rival PharmAthene Inc. (PIP), lawyers for the drugmaker told an appeals court today.

To contact the reporter on this story: Phil Milford in Wilmington, Delaware at pmilford@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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