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Biotech Stock Review; PharmAthene Tops Watch List

/ Source: GlobeNewswire

DALLAS, June 22, 2011 (GLOBE NEWSWIRE) -- announces a stock review of PharmAthene Inc. (AMEX:PIP). The report includes the company's most recent developments, including its ongoing lawsuit, as well as technical trends, financial analysis, and industry information you need to know to make an educated investment decision.

The full report is available at:

PharmAthene Inc. (PIP) is a biodefense company engaged in the development and commercialization of medical countermeasures against biological and chemical weapons. The Company's lead product development programs include: SparVax, a second generation recombinant protective antigen (rPA) anthrax vaccine and a third generation anthrax vaccine with potential for improved potency and stability; Valortim, a fully human monoclonal antibody for the prevention and treatment of anthrax infection; and rBChE, which countermeasures for nerve agent poisoning by organophosphorous compounds, including nerve gases and pesticides.

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In the report, the analyst notes:

"Shares of the biodefense company spiked more than 26% in Tuesday's trading, a day after the Company was highlighted in a SeekingAlpha report, which suggests that a lawsuit it is involved in with Siga Technologies will likely be ruled in its favor."

"In the past 52 weeks, PIP has traded between a low of $1.26 and a high of $4.96. Approximately 2.65 million shares have traded hands during the session, versus the average daily volume of 1.01 million. PIP remains below its 50-day and 200-day moving averages of $3.54 and $3.46, respectively."

To read the entire report visit:

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