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. (NYSE American: ARMP) generates frequent news as a clinical-stage biotechnology company developing high-purity, pathogen-specific bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections. News coverage of Armata often centers on its lead intravenous phage cocktail AP-SA02 for complicated Staphylococcus aureus bacteremia and its multi-phage candidate AP-PA02 targeting Pseudomonas aeruginosa in chronic respiratory disease.
Readers following ARMP news can expect detailed updates on clinical trial milestones, including topline data, late-breaking conference presentations, and regulatory interactions. Recent announcements have described positive Phase 1b/2a results from the diSArm study of AP-SA02, higher and earlier cure rates compared with antibiotics alone, and an End-of-Phase 2 written response from the U.S. Food and Drug Administration supporting advancement of AP-SA02 into a planned Phase 3 superiority study in complicated S. aureus bacteremia.
Armata’s news flow also includes information on manufacturing and infrastructure, such as the formal commissioning of its cGMP phage manufacturing facility in Los Angeles, California, which is intended to support late-stage clinical development and potential commercial production. Financial and corporate updates appear in quarterly results releases, describing grant and award revenue from the U.S. Department of Defense, secured credit agreements with Innoviva Strategic Opportunities LLC, and at-the-market equity offering arrangements.
Additional coverage highlights scientific publications and conference participation, including structural biology work on phage Pa223 in the Journal of Molecular Biology and presentations at IDWeek, the Military Health System Research Symposium, and the Evergreen Phage Meeting. For investors, clinicians, and researchers, this news page offers a centralized view of Armata’s progress in phage therapy, regulatory dialogue, funding developments, and manufacturing readiness. Bookmark this page to review ongoing ARMP press releases, SEC-linked disclosures, and other company communications as they are released.
Armata Pharmaceuticals, Inc. (NYSE American: ARMP) has received FDA clearance for its Investigational New Drug (IND) application for AP-SA02, targeting prosthetic joint infections (PJI) caused by Staphylococcus aureus. This marks a significant advancement in Armata's phage therapy development, aimed at improving patient outcomes in antibiotic-resistant infections. The company is initiating a Phase 1b/2a trial to evaluate the safety and efficacy of AP-SA02 as an adjunct therapy. This addition expands Armata's active clinical programs focused on difficult-to-treat bacterial infections.
Armata Pharmaceuticals (NYSE American: ARMP) announced a significant milestone with the first patient dosed in its Phase 1b/2a clinical trial of AP-SA02, targeting complicated Staphylococcus aureus bacteremia. This study, developed in partnership with the US Department of Defense, aims to evaluate the safety and tolerability of AP-SA02 alongside standard antibiotics. In prior preclinical studies, AP-SA02 showed strong antimicrobial activity against 95% of evaluated S. aureus clinical isolates. The initiative is supported by a $15 million award from the DoD, emphasizing the need for innovative therapies in combating antibiotic-resistant infections.
Armata Pharmaceuticals (ARMP) announced its Q1 2022 financial results and corporate developments. The company reported approximately $1.2 million in grant revenue and plans to receive an expected $15 million in funding from MTEC. R&D expenses rose to $8 million, up from $4.4 million in Q1 2021, while general and administrative costs decreased slightly to $2 million. Loss from operations was $9 million, compared to $5.5 million in the previous year. Notably, Armata strengthened its balance sheet with a $45 million equity financing, increasing cash reserves to $46.4 million.
Innoviva reported a 5% increase in first-quarter royalties, totaling $93.5 million compared to Q1 2021. Notable earnings included $55.8 million from RELVAR®/BREO® ELLIPTA® and $29.3 million from TRELEGY® ELLIPTA®. However, income from operations saw a 2% decrease to $77.7 million due to the accounting consolidation of Entasis. Innoviva made a strategic investment of $45.0 million in Armata Pharmaceuticals and a $15.0 million offer to acquire Entasis, amidst a $9.4 million decline in asset fair values.
Armata Pharmaceuticals has successfully closed the second tranche of a $45 million private placement with Innoviva, raising approximately $26.9 million through the issuance of over 5.3 million common shares and 2.7 million warrants. This follows an initial tranche completed in February 2022 that raised $18.1 million. As of March 31, 2022, Armata has 36.1 million shares outstanding. Furthermore, their Form 10-K filed on March 17, 2022, includes a going concern note. Approximately 99% of shareholders voted in favor of the transaction, indicating strong support for the company's direction.
Armata Pharmaceuticals (ARMP) reported its fourth quarter and full year 2021 financial results, highlighting significant clinical advancements and a $45 million equity financing with Innoviva, Inc., its largest shareholder.
The company optimized its AP-PA02 cocktail to cover 90% of tested Pseudomonas aeruginosa isolates, began a Phase 2 trial for non-cystic fibrosis bronchiectasis, and advanced AP-PA03 manufacturing. Armata's cash position improved to $10.3 million, bolstered by grant revenue and ongoing partnerships.
A joint venture involving HATCHspaces, NexCore Group, and Nuveen Real Estate has acquired a 56,300 sq ft industrial facility in Playa Vista, West Los Angeles. This site will be redeveloped into a cGMP biomanufacturing facility, serving as the headquarters for Armata Pharmaceuticals (NYSE: ARMP). The facility aims to produce treatments for antibiotic-resistant infections, addressing a critical need in the life sciences sector. This acquisition marks the fifth asset for the HATCH/NexCore venture, which now controls over 500,000 sq ft of life sciences space in the region.
Armata Pharmaceuticals (NYSE American: ARMP) announced FDA clearance for its Investigational New Drug application to initiate a Phase 2 clinical trial of AP-PA02 for non-cystic fibrosis bronchiectasis (NCFB). This condition, often linked to lung infections, currently has no approved treatments. The trial aims to assess the efficacy of AP-PA02 against Pseudomonas aeruginosa infections. Additionally, Armata is advancing other candidates for various bacterial infections, supported by recent financing.
Armata Pharmaceuticals (NYSE American: ARMP) announced its participation in two investor conferences in February and March 2022. The first event is BioCom California's 12th Annual Global Life Science Partnering Conference, taking place from February 22-24, where Pierre Kyme will present on February 23 at 3:30 PM PT. The second event is the 2nd Annual Chardan Microbiome Medicines Summit on March 1, featuring Brian Varnum at 10:00 AM ET. Armata specializes in bacteriophage therapeutics targeting antibiotic-resistant infections.
Innoviva reported substantial financial results for Q4 and full year 2021, with royalties rising by 18% to $111.1 million for Q4 and 19% to $405.7 million for the full year. Income from operations increased by 23% to $104.5 million in Q4 and 17% to $375.1 million for the year. Despite a $42.9 million decline in fair values of investments due to market volatility, the overall position remained strong with $201.5 million in cash and equivalents. A strategic investment of $45.0 million in Armata Pharmaceuticals is also highlighted.
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