leadership
confidence high
sentiment positive
materiality 0.75
Armata appoints Dr. Deborah Birx as CEO, secures $25M credit from Innoviva
Armata Pharmaceuticals, Inc.
- Dr. Deborah L. Birx appointed CEO and Board member; former Innoviva Board member and world-renowned healthcare leader.
- New $25M credit agreement with Innoviva; existing convertible credit maturity extended to Jan 10, 2025.
- Q2 loss from operations $(9.6)M; cash $12.5M at June 30, 2023; 36.1M shares outstanding.
- Phase 2 inhaled AP-PA02 in NCFB enrolling; AP-SA02 bacteremia study advancing to Phase 2a in 3Q23.
- $16.3M total grant funding from DoD/MTEC for AP-SA02 program.