PharmAthene (PIP) Receives Additional Payments from SIGA Technologies

September 16, 2016 7:35 AM EDT

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PharmAthene, Inc. (NYSE: PIP) announced it has received a series of payments from SIGA Technologies, Inc. totaling $90 million over the past month. Combined with $25 million in previous payments, PharmAthene has now received a total of $115 million plus $6.6 million of interest in partial payment of the SIGA judgement. Under the approved reorganization plan, SIGA has until November 30, 2016 to pay the remaining balance of $93.7 million plus interest.

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