November 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — PharmAthene, Inc. (AMEX: PIP) said that it has priced a registered public offering of 4.3 million shares of its common stock at a price to the public of $3.50 per share.

The company expects to see net proceeds of around $14.1 million and said it plans to use the funds for repayment of debt and general corporate purposes.

In connection with the offering, the company also granted the underwriter a 30-day option to purchase up to an additional 645,000 shares to cover over-allotments.

Maryland-based PharmAthene is a biodefense company developing medical countermeasures against biological and chemical threats. It was formed to meet the needs of the United States and its allies.

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