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Armata Pharmaceuticals, Inc. released its First Quarter 2024 financial results and corporate update. The company secured a $35 million credit agreement, continued clinical trials for phage therapeutics, and advanced its biologics manufacturing facility. Dr. Deborah Birx, CEO, highlighted progress in developing treatments for bacterial infections, with positive enrollment in clinical studies. The financials showed a grant revenue of $1.0 million, reduced research and development expenses, increased general and administrative expenses, resulting in a loss of $10.2 million from operations. Armata held $37.9 million in cash as of March 31, 2024.
