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The Delaware Chancery Court awards share of profits to prospective licensee for failure by licensor to negotiate in good faith in Pharmathene v. SIGA Technologies

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • September 29 2011

On September 22, 2011, the Delaware Chancery Court awarded PharmAthene, Inc. a 50 percent share of profits above a certain threshold amount from sales of SIGA Technology Inc.'s pharmaceutical product known as ST-246, due to SIGA's failure to negotiate in good faith for the grant of a license to PharmAthene