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Phio Pharma Q2 net loss $4.1M; cash $13.0M; PH-762 Phase 1b completed
Net loss of $4.1M for Q2 2026 vs $2.2M in Q2 2025, driven by higher R&D spend.
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Phio Pharmaceuticals appoints Dr. R. Todd Plott to Board of Directors
Board size increased to six members; Dr. Plott appointed effective July 20, 2026 until 2026 annual meeting.
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Phio Pharma Q1 net loss $4.0M; PH-762 Phase 1b trial complete with favorable safety
Cash and cash equivalents $17M at March 31, 2026; 2025 equity financings netted ~$23.7M, extending cash runway into H1 2027.
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Phio Pharmaceuticals enters ATM offering agreement with H.C. Wainwright for up to $6.36M
Agreement allows sale of up to $6,360,000 of common stock via H.C. Wainwright as sales agent on an at-the-market basis.
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Phio signs cGMP manufacturing deal; PH-762 Phase 1b shows 85% pathological response
Entered cGMP drug product manufacturing agreement with U.S. manufacturer for clinical and commercial supply of PH-762.
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Phio Pharma reports 2025 net loss $8.7M; PH-762 Phase 1b dose escalation complete with favorable data
Net loss of $8.7M ($1.45 EPS) for 2025 vs $7.2M ($9.08 EPS) in 2024; R&D expenses up 27%.
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Phio Pharmaceuticals amends CEO Bitterman's contract: severance to 12 months, bonus target to 50%
CEO Robert J. Bitterman's severance increased to 12 months base salary on termination without cause or for good reason.
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Phio reports 85% pathological response in highest dose cohort of PH-762 Phase 1b trial; no serious adverse events
No serious adverse events or dose-limiting toxicities across all 22 patients in five dose cohorts.
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Phio reports 70% ORR in cSCC from PH-762 trial; 10 of 14 responders had 100% clearance
22 cutaneous carcinoma patients treated across 5 dose cohorts; no dose-limiting toxicities reported.
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Phio Pharma gets FDA acceptance of PH-762 nonclinical study design; tox study Q1 2026
FDA accepted nonclinical protocol study design for PH-762; toxicology study to begin Q1 2026.
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Phio completes enrollment in Phase 1b trial of PH-762; positive pathologic responses
18 patients treated across 5 dose cohorts; 16 with cSCC, 1 Merkel cell, 1 melanoma.
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Phio Pharma Q3 net loss $2.4M; PH-762 trial 100% tumor clearance at max dose
Net loss $2.4M for Q3 2025 vs $1.5M in Q3 2024; R&D expenses $1.2M, G&A $1.3M.
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Phio raises ~$13.4M via warrant exercise inducement; issues new warrants for 11.3M shares
Entered inducement agreements for exercise of 5,663,182 existing warrants at reduced prices; gross proceeds ~$13.4M.
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Phio Pharma: INTASYL PH-762 shows 100% tumor clearance in one cSCC patient; SMC clearance safe
100% pathologic complete response in 1 of 3 cSCC patients at Day 36 in final dose cohort; >90% clearance in second, >50% in third.
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Director Robert Ferrara resigns; David Deming appointed Lead Independent Director
Robert Ferrara resigned effective Oct 31, 2025; no disagreement cited.
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Phio stockholders approve 950,000-share increase to 2020 LTIP plan; adopt 3-year say-on-pay frequency
All six director nominees elected with 84-94% of votes cast; 1,828,465 broker non-votes.
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Phio advances Phase 1b skin cancer trial to 5th cohort; presents at conference
Patients are now being treated in the 5th cohort of the ongoing Phase 1b clinical trial for skin cancer (PH-762).
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Phio Pharma Q2 net loss $2.2M; advances PH-762 Phase 1b to 5th cohort
Net loss $2.2M for Q2 2025 vs $1.8M in Q2 2024; cash $10.8M at June 30, 2025.
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Phio Pharma receives ~$2.5M from warrant exercise, issues new warrants
Gross proceeds ~$2.5M from exercise of 928,596 warrants at $2.00 and $2.485 per share.
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Phio reports complete response in cSCC and manufacturing agreement for PH-762
Entered into comprehensive drug substance development agreement with U.S. manufacturer for PH-762.
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Phio sets 2025 annual meeting for Sept 11; new proposal deadlines
Annual meeting on Sept 11, 2025; record date July 18, 2025.
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Phio Pharmaceuticals gets SMC nod to advance PH-762 skin cancer trial to fifth cohort
Safety Monitoring Committee recommends dose escalation to fifth (final) cohort in Phase 1b trial of INTASYL PH-762.
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Phio Pharmaceuticals appoints Lisa Carson as CFO/PAO; Infarinato shifts to VP Strategic Development
Lisa Carson named VP Finance and Administration and designated principal financial and accounting officer, effective June 6, 2025.
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Phio Pharma Q1 net loss $1.8M; PH-762 shows 4 complete responses in Phase 1b trial
Cash $13.3M at March 31 vs $5.4M Dec 31; raised $9.2M from offerings and $2.9M from warrant exercises.
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Phio Pharmaceuticals reports complete pathologic response in 2 of 3 patients in third cohort of INTASYL PH-762 trial
2 of 3 cSCC patients in Cohort 3 achieved 100% tumor clearance; third patient had <50% clearance.
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Phio Pharmaceuticals dismisses BDO and engages Grant Thornton as auditor
Audit Committee dismissed BDO USA as independent auditor effective April 17, 2025.
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Phio gets SMC nod to advance PH-762 skin cancer trial to 4th dose cohort
Safety Monitoring Committee recommended dose escalation to fourth cohort in Phase 1b trial (NCT06014086).
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Phio Pharma FY24 net loss $7.2M; PH-762 Phase 1b with complete responses; $12.1M raised
Net loss for FY24 was $7.2M ($9.08/share), down from $10.8M ($46.76/share) in FY23.
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Phio Pharmaceuticals appoints David H. Deming to Board of Directors, effective Feb 19, 2025
Board expanded to six members; five of six are independent directors.
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Phio raises $1.83M via registered direct offering and warrant private placement
Sold 610,000 shares at $3.00 each; issued warrants for 1,220,000 shares at $3.00 exercisable for 24 months.
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Phio prices $2.5M registered direct offering of 833,335 shares at $3.00/sh; concurrent private placement of warrants
Gross proceeds of $2.5M; net ~$2.2M after fees and expenses.
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Phio raises $3.19M in registered direct offering and warrant placement
Gross proceeds of $3.19M; net ~$2.85M after fees and expenses.
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Phio reports 2 complete responses in PH-762 Phase 1b second cohort for cutaneous squamous cell carcinoma
2 of 4 patients in 2nd cohort achieved 100% tumor clearance (complete response).
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Phio raises ~$0.48M in registered direct offering of 240K shares at $2.00/share with warrants
Sold 240,000 shares of common stock at $2.00/share for gross proceeds of ~$0.48M; net ~$0.48M after expenses.
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Phio Pharma raises ~$1.15M in registered direct offering & private placement
Gross proceeds ~$1.15M; net proceeds ~$900K after fees and expenses.
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Phio Pharmaceuticals announces SMC recommendation to escalate to third dose cohort in PH-762 Phase 1b trial
Safety Monitoring Committee reviewed safety data from second dose cohort and recommended escalation to next dose concentration.
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Phio Pharma Q3 net loss $1.5M, cash $5.4M; PH-762 shows complete response in one patient
Net loss narrowed to $1.5M for Q3 2024 vs $2.8M in Q3 2023; R&D expenses fell 64% to $0.6M.
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Phio reports Phase 1b data: complete & partial responses in cutaneous SCC patients
Intratumoral PH-762 well tolerated with no related adverse events or dose-limiting toxicities across 5 patients.
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Phio Pharma Q2 net loss $1.8M, cash $4.7M; PH-762 trial progresses
Cash at June 30, 2024: $4.7M vs $8.5M at Dec 31, 2023; net loss $1.8M vs $2.5M year ago.
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Phio Pharmaceuticals appoints Robert Infarinato as CFO effective August 1, 2024
Robert M. Infarinato appointed VP & CFO effective August 1, 2024; will serve as principal financial and accounting officer.
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Phio Pharmaceuticals regains Nasdaq minimum bid price compliance after reverse split
Received Nasdaq notice on July 19, 2024, confirming compliance with Listing Rule 5550(a)(2).
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Phio Pharmaceuticals raises $3.1M via warrant exercise at $5.45/share; issues new warrants
Gross proceeds ~$3.1M from cash exercise of 545,286 existing warrants at reduced price of $5.45/share (original range $324-$9.72).
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Phio terminates $621K share purchase agreement with Triton Funds after stock falls below floor
On July 3, 2024, Phio terminated the Purchase Agreement with Triton Funds LP, effective immediately.
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Phio Pharmaceuticals implements 1-for-9 reverse stock split effective July 5, 2024
Reverse split ratio set at 1-for-9; reduces outstanding shares from ~4.6M to ~0.5M.
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Phio shareholders approve reverse stock split (1:2-1:9) and 500K share increase to LTIP
Reverse stock split proposal approved with 1,879,666 For, 313,572 Against; board to set exact ratio and effective date.
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Phio Pharma gets SMC OK to escalate PH-762 dose in Phase 1b; no dose-limiting toxicities
Safety Monitoring Committee recommended dose escalation to next concentration after initial cohort.
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Phio Pharmaceuticals enters purchase agreement with Triton Funds for up to $621k at $0.72 per share
Up to 862,500 shares at $0.72/share, representing ~18.8% of outstanding shares.
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Phio Pharmaceuticals Q1 2024 net loss narrows to $2.2M; cash at $6.5M
Cash of $6.5M at March 31, 2024, down from $8.5M at Dec 31, 2023.
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Phio Pharmaceuticals reports 2023 net loss of $10.8M; cash at $8.5M with PH-762 trial progress
Net loss $10.8M ($5.20/share) vs $11.5M ($10.10/share) in 2022; R&D expenses down 10% to $6.3M.
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Phio Pharmaceuticals receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq deficiency notice on Jan 24, 2024; stock failed to maintain $1.00 minimum bid for 30 consecutive business days.