Third Quarter 2023 and Recent Developments
Reported accelerating enrollment in the Phase 2a portion of the diSArm study of AP-SA02 as a potential treatment for Staphylococcus aureus bacteremia, as well as the Phase 2 Tailwind study of AP-PA02 in non-cystic fibrosis bronchiectasis (NCFB) patients with Pseudomonas aeruginosa lung infections.
Completed analysis of Phase 1b/2a SWARM-P.a. trial data and finalized Clinical Study Report.
Topline data from SWARM-P.a. was presented at the
Continued to analyze the feasibility of enrolling AP-SA02 prosthetic joint infection (PJI) study subjects at current diSArm study sites for dual use enrollment.
Progressed the build-out of the Company s advanced biologics manufacturing facility, including ongoing construction of cGMP suites and fill and finish clean room, and completion of all R&D labs and administrative space.
Delivered a presentation on the Company s phage development programs at the Phage Futures: Global Digital Summit 2023, held on
During the third quarter, we continued to make meaningful progress advancing our pipeline of phage therapeutics that we believe can address the growing global health crisis of multidrug resistant bacterial infections, stated Dr.
Regarding AP-PA02, we are also seeing accelerating enrollment in our ongoing Tailwind Phase 2 study of PA02 in non-cystic fibrosis bronchiectasis. Importantly, both our diSArm and Tailwind studies continue to demonstrate favorable safety and tolerability profiles, including IV administration twice per day over multiple days.
We are also fast approaching the completion of the build-out of our advanced biologics manufacturing facility that will provide us with the capacity to execute our own late-stage trials while pursuing important partnering opportunities. When completed, this facility will represent a significant step towards firmly establishing our position as a leader in the development of phage-based therapeutics.
I am pleased with our continued progress, our ability to contain costs despite one-time G&A expenses realized in the third quarter. I believe we are well positioned to sustain our current momentum while continuing to contain costs through the remainder of the year and into 2024,
Third Quarter 2023 Financial Results
Grant Revenue. The Company recognized grant revenue of approximately
Research and Development. Research and development expenses for the three months ended
General and Administrative. General and administrative expenses for the three months ended
Loss from Operations. Loss from operations for the three months ended
Cash and Equivalents. As of
As of
About
Armata is a clinical-stage biotechnology company focused on the development of pathogen-specific bacteriophage therapeutics for the treatment of antibiotic-resistant and difficult-to-treat bacterial infections using its proprietary bacteriophage-based technology. Armata is developing and advancing a broad pipeline of natural and synthetic phage candidates, including clinical candidates for Pseudomonas aeruginosa, Staphylococcus aureus, and other pathogens. Armata is committed to advancing phage with drug development expertise that spans bench to clinic including in-house phage specific cGMP manufacturing.
Forward Looking Statements
This communication contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, statements related to Armata s bacteriophage development programs, Armata s ability to set up or operate R&D and manufacturing facilities, Armata s ability to meet expected milestones, Armata s future success or failure, Armata s ability to be a leader in the development of phage-based therapeutics, and statements related to the timing and results of clinical trials, including the anticipated results of clinical trials of AP-PA02 and AP-SA02, Armata s ability to develop new products based on natural bacteriophages and synthetic bacteriophages and Armata s ability to obtain additional funding and capacity to repay, refinance, or restructure its existing debt and obligations. Any statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements are based upon Armata s current expectations. Forward-looking statements involve risks and uncertainties. Armata s actual results and the timing of events could differ materially from those anticipated in such forward- looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the ability of Armata s lead clinical candidates, AP-PA02 and AP-SA02, to be more effective than previous candidates; that the top line results are indicative of the final data; Armata s ability to expedite development of AP-PA02 and AP-SA02; Armata s ability to advance its preclinical and clinical programs and the uncertain and time-consuming regulatory approval process; Armata s ability to develop products based on bacteriophages and synthetic phages to kill bacterial pathogens; the Company s expected market opportunity for its products; Armata s ability to sufficiently fund its operations as expected, including obtaining additional funding as needed and any delays or adverse events within, or outside of, Armata s control, caused by the ongoing COVID-19 pandemic. Additional risks and uncertainties relating to Armata and its business can be found under the caption Risk Factors and elsewhere in Armata s filings and reports with the
Armata expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Armata s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
Contact:
Email: ir@armatapharma.com
Tel: 310-665-2928
Email: jallaire@lifesciadvisors.com
Tel: 212-915-2569
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