Welcome to our dedicated page for Armata Pharmctcl news (Ticker: ARMP), a resource for investors and traders seeking the latest updates and insights on Armata Pharmctcl stock.
Armata Pharmaceuticals, Inc. (ARMP) is a clinical-stage biotechnology company pioneering bacteriophage therapeutics to combat antibiotic-resistant bacterial infections. This page serves as the definitive source for verified news and press releases related to ARMP's scientific advancements, regulatory milestones, and strategic partnerships.
Investors and researchers will find timely updates on clinical trial progress, manufacturing developments from their cGMP facility, and collaborations with government health agencies. The curated news collection covers essential updates including therapeutic candidate evaluations, intellectual property developments, and peer-reviewed research publications.
With antibiotic resistance identified as a critical global health challenge by the WHO, Armata's focus on targeted phage therapies positions its updates as particularly relevant for healthcare investors and infectious disease specialists. Regular monitoring of this resource provides insight into the company's progress toward addressing Pseudomonas aeruginosa, Staphylococcus aureus, and other priority pathogens.
Bookmark this page for streamlined access to Armata's latest scientific communications, presented with contextual clarity for both professional investors and biotechnology stakeholders.
Armata Pharmaceuticals announced a securities purchase agreement to sell common stock and warrants to Innoviva, raising $45 million before expenses. The funding will support Armata's clinical pipeline, particularly for AP-PA02 and AP-SA02, which target chronic Pseudomonas aeruginosa infections and complicated Staphylococcus aureus bacteremia, respectively. Innoviva will purchase 9 million shares at $5.00 each, with transactions occurring in two tranches. The second tranche is contingent on shareholder approval and is expected by the end of Q1 2022.
Armata Pharmaceuticals (NYSE American: ARMP) announced enhancements to its lead bacteriophage product candidate, AP-PA02, increasing its potency and coverage against Pseudomonas aeruginosa strains in cystic fibrosis and non-cystic fibrosis bronchiectasis patients. The new formulation introduces two additional phage genera, achieving over 90% coverage of tested isolates. Armata plans to enter a Phase 2 trial for non-cystic fibrosis bronchiectasis in 2022. The company is also developing a distinct phage cocktail for pneumonia. These advancements align with Armata's strategy to improve bacteriophage therapy effectiveness.
Armata Pharmaceuticals (NYSE American: ARMP) announced significant progress in its phage therapeutic development programs. The FDA has cleared its IND for the Phase 1b/2a trial of AP-SA02 targeting Staphylococcus aureus bacteremia, expected to start by year-end. Additionally, a $2 million milestone under the CF Foundation's Therapeutics Development Award has been achieved, raising the total to $3.75 million. The company is focused on combating drug-resistant bacterial infections with support from the Cystic Fibrosis Foundation and U.S. Department of Defense.
Armata Pharmaceuticals (ARMP) reported its third quarter 2021 results, revealing a loss from operations of $(6.1) million compared to $(5.6) million in Q3 2020. The company appointed Brian Varnum as CEO, succeeding Todd C. Patrick. Key developments included a $3.0 million equity investment from the Cystic Fibrosis Foundation and a $15 million award from the U.S. Department of Defense to support the AP-SA02 program. Research and development expenses rose to $5.6 million, indicating increased clinical trial activity. Armata's cash reserves grew to $12.1 million as of September 30, 2021.
Armata Pharmaceuticals announced that its Vice President of Clinical Development, Mina Pastagia, will present at the 2021 World Antimicrobial Resistance Congress in Washington D.C. on November 8. The presentation, titled A genomics-based approach for developing phage therapeutics targeting respiratory infections, will take place during the Innovation Showcase session at 2:30 pm ET.
This congress, now in its seventh year, will draw over 400 attendees and feature more than 150 speakers, focusing on antimicrobial resistance.
Armata Pharmaceuticals (NYSE American: ARMP) has announced a new lease for a 56,300 square-foot research and development and GMP manufacturing facility in Los Angeles. This state-of-the-art facility aims to enhance Armata's phage therapy pipeline and manufacturing capacity, supporting upcoming pivotal studies and commercial launches. The company is advancing its clinical candidates, AP-PA02 and AP-SA02, and believes the facility will facilitate potential strategic partnerships to bolster its pipeline and accelerate development.
Armata Pharmaceuticals (NYSE American: ARMP) announced receiving a $3.0 million equity investment from the Cystic Fibrosis Foundation, with an additional $4.0 million from Innoviva, a significant shareholder. This investment will support Armata's lead clinical candidate, AP-PA02, currently in a Phase 1b/2a trial for chronic Pseudomonas aeruginosa infections in cystic fibrosis patients. This follows a prior $5.0 million Therapeutics Development Award from the Foundation in March 2020, emphasizing the urgent need for new therapies against difficult bacterial infections.
Armata Pharmaceuticals, Inc. (NYSE American: ARMP) will participate in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The presentation will be available on-demand starting at 7:00 AM ET on September 13. Armata focuses on developing bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections. Their pipeline includes candidates for pathogens like Pseudomonas aeruginosa and Staphylococcus aureus, and they collaborate with Merck on synthetic phage candidates targeting an undisclosed infectious disease.
Armata Pharmaceuticals (ARMP) reported its second-quarter 2021 results, noting the retirement of CEO Todd R. Patrick and the appointment of Brian Varnum as his successor. The company received a $750,000 milestone payment from the Cystic Fibrosis Foundation to support its Phase 1b/2a clinical trial for AP-PA02 targeting chronic Pseudomonas aeruginosa infections. Grant revenue was $1.2 million, a significant increase from $31,000 in Q2 2020. However, R&D expenses surged to $5.2 million, contributing to an operating loss of $6.2 million. Armata has $17.5 million in cash as of June 30, 2021.
Armata Pharmaceuticals, Inc. (NYSE American: ARMP) announced on August 2, 2021, that CEO Todd R. Patrick is retiring from day-to-day management, transitioning to the Board of Directors as a special advisor. President Brian Varnum, Ph.D., has been appointed CEO. Patrick highlighted the company's significant progress, including the merger with AmpliPhi Biosciences and clinical trials for AP-PA02. The Board expressed gratitude for Patrick's leadership and confidence in Varnum's drug development experience as the company advances phage-based therapeutics targeting antibiotic-resistant infections.
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