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PharmAthene, Inc. Message Board

  • cash2go cash2go Aug 26, 2013 11:54 AM Flag

    Siga should be booking a ((very nice)) quarter

    Supreme Court said LATS not promissory estoppel
    Promissory estoppel does not apply, however, where a fully integrated, enforceable contract governs the promise at issue.74 The promise to negotiate in good faith for a definitive license agreement in accordance with the LATS’s terms is expressly included in both the Bridge Loan and Merger Agreements. Therefore, a claim based on promissory estoppel cannot lie and a Vice Chancellor must look to the contract as the source of a remedy on the breach of an obligation to negotiate in good faith.

    LATS being priced into Pharmathene's share price.

 
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