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PharmAthene, Inc. Message Board

  • cash2go cash2go Jun 27, 2013 2:15 PM Flag

    The original LAT terms the SC focused on

    Supreme Court says:
    * $6 million in total, which consisted of $2 million cash upfront, $2.5 million as a deferred license fee to be paid twelve months after execution of a license agreement if certain events occurred, and $1.5 million after SIGA obtained financing in excess of $15 million.
    * an additional $10 million based on the achievement of specific milestones relating to certain sales targets and regulatory approvals.
    * 8% on ales greater than $250 million,
    *12% on sales greater than $1 billion. Lastly, the LATS stated
    * 0% of any amounts by which net margin exceeds 20% on sales to the U.S. Federal Government

    Parson came up with first $40M of profits to Siga and 50/50 share. The SC says the solution should be more closely based on LATS


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