Organization and Business

12 Months Ended

Dec. 31, 2011

Organization and Business

Note 1 - Organization and Business

PharmAthene, Inc. (“PharmAthene” ,the “Company”, “we”, ”us” or “our”) is incorporated under the laws of the State of Delaware and is a biopharmaceutical company focused on developing biodefense countermeasure applications.  We are subject to those risks associated with any biopharmaceutical company that has substantial expenditures for research and development.  There can be no assurance that our research and development projects will be successful, that products developed will obtain necessary regulatory approval, or that any approved product will be commercially viable.  In addition, we operate in an environment of rapid technological change and are largely dependent on the services and expertise of our employees, consultants and other third parties.

Historically, we have performed under government contracts and grants and raised funds from investors (including additional debt and equity issued in 2009, 2010 and 2011) to sustain our operations. Our sources of funds include existing government grants and contracts. We may also elect to raise additional capital through debt and or equity to strengthen our financial position.