aTyr Pharma Announces First Quarter 2026 Results and Provides Corporate Update
Rhea-AI Summary
aTyr Pharma (Nasdaq: ATYR) reported first quarter 2026 results and a corporate update. The company ended March 31, 2026 with $68.3 million in cash, cash equivalents, restricted cash and investments.
aTyr will continue developing efzofitimod in pulmonary sarcoidosis, plans a new global Phase 3 trial after an FDA Type C meeting, and remains on track to complete enrollment in the Phase 2 EFZO-CONNECT SSc-ILD study in the first half of 2026.
Positive
- Cash, cash equivalents, restricted cash and investments of $68.3 million at March 31, 2026
- Plan to file an IND in June 2026 for a new Phase 3 efzofitimod pulmonary sarcoidosis study
- Planned global, randomized, double-blind, placebo-controlled 54-week Phase 3 trial in up to ~372 pulmonary sarcoidosis patients
- On track to complete enrollment in the Phase 2 EFZO-CONNECT SSc-ILD study in the first half of 2026
- Promising interim data from the EFZO-CONNECT Phase 2 SSc-ILD study reported in the second quarter of 2025
- Preclinical ATYR0101 data show selective myofibroblast apoptosis and reduced fibrosis in lung and kidney models
Negative
- Research and development expenses of $7.3 million for first quarter 2026
- General and administrative expenses of $4.1 million for first quarter 2026
News Market Reaction – ATYR
In the May 15 session, ATYR declined 9.98%, reflecting a notable negative market reaction. Argus tracked a trough of -6.1% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 05 | FY 2025 results | Negative | -8.7% | Reported EFZO-FIT primary endpoint miss and outlined FDA Type C meeting. |
| Nov 06 | Q3 2025 results | Negative | +6.0% | Disclosed EFZO-FIT primary endpoint failure but highlighted secondary efficacy and plans. |
| Aug 07 | Q2 2025 results | Positive | +1.1% | Completed EFZO-FIT last patient visit and reported promising EFZO-CONNECT interim data. |
| May 07 | Q1 2025 results | Positive | +5.7% | Updated on EFZO-FIT and EFZO-CONNECT enrollment with upcoming data timelines. |
| Mar 13 | FY 2024 results | Positive | -0.5% | Reported EFZO-FIT enrollment completion, cash runway and ongoing EFZO-CONNECT study. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings and results updates have produced mixed reactions, with 3 aligned and 2 divergent moves and an average change of 0.74% over the last five tagged earnings events.
Over the past year, aTyr’s earnings updates have centered on efzofitimod’s Phase 3 EFZO-FIT™ program in pulmonary sarcoidosis and the Phase 2 EFZO-CONNECT™ study in SSc-ILD. Events on Mar 13, 2025 and May 7, 2025 highlighted enrollment completion and progressing trials, while the Nov 6, 2025 and Mar 5, 2026 releases disclosed EFZO-FIT’s failure on its primary endpoint but noted secondary benefits and plans for FDA discussions. Cash balances, such as $92.9M on Sep 30, 2025 and $80.9M at year-end 2025, have been a recurring focus alongside R&D and G&A spending trends, setting the backdrop for the current Q1 2026 results and updated development path.
Key Terms
investigational new drug (IND) regulatory
forced vital capacity (FVC) medical
king’s sarcoidosis questionnaire (ksq)-lung medical
systemic sclerosis (ssc) medical
interstitial lung disease (ild) medical
myofibroblast apoptosis medical
focal adhesion kinase (fak) medical
latent-transforming growth factor beta binding protein 1 (ltbp-1) medical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company to continue development of efzofitimod in pulmonary sarcoidosis following Type C meeting with the FDA.
Company plans to submit an IND in June 2026 for a Phase 3 study of efzofitimod in patients with chronic, symptomatic pulmonary sarcoidosis with restrictive lung disease utilizing FVC as primary endpoint and KSQ-Lung as key secondary endpoint.
On track to complete enrollment in Phase 2 EFZO-CONNECT™ study of efzofitimod in SSc-ILD in the first half of 2026.
Ended the first quarter 2026 with
SAN DIEGO, May 15, 2026 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (Nasdaq: ATYR) (“aTyr” or the “Company”), a clinical stage biotechnology company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform, today announced first quarter 2026 results and provided a corporate update.
“2026 is off to a productive start, as we now have a clear path forward for efzofitimod in pulmonary sarcoidosis, a major form of interstitial lung disease (ILD), following our recent Type C meeting with the U.S. Food and Drug Administration (FDA),” said Sanjay S. Shukla, M.D., M.S., President and Chief Executive Officer of aTyr. “Based on feedback from the FDA, we plan to file an investigational new drug (IND) application next month for a new Phase 3 study in patients with chronic, symptomatic pulmonary sarcoidosis with restrictive lung disease utilizing forced vital capacity (FVC) as the primary endpoint of the study and the King’s Sarcoidosis Questionnaire (KSQ)-Lung score as a key secondary endpoint. We look forward to the continued advancement of efzofitimod in this form of ILD where there remains a high unmet medical need.”
First Quarter 2026 and Subsequent Period Highlights
- Announced plans to continue the development of efzofitimod in pulmonary sarcoidosis following a Type C meeting with the FDA to review the results of the Phase 3 EFZO-FIT™ study and determine the path forward for efzofitimod in pulmonary sarcoidosis. The Company plans to file an IND in June 2026 for a new Phase 3 study in patients with chronic, symptomatic pulmonary sarcoidosis with restrictive lung disease utilizing FVC as the primary endpoint of the study and the KSQ-Lung score as the key secondary endpoint. The Phase 3 trial is expected to be a global, randomized, double-blind, placebo-controlled study to evaluate the efficacy and safety of efzofitimod in patients with moderate to severe pulmonary sarcoidosis. The 54-week study will consist of two parallel cohorts randomized equally to either 5.0 mg/kg efzofitimod or placebo dosed intravenously once every 3 weeks for a total of 17 doses. The study is intended to enroll up to approximately 372 patients with symptomatic pulmonary sarcoidosis with restrictive lung disease who are receiving a stable dose of ≤ 5.0 mg daily oral corticosteroid and/or a background immunosuppressant. All background treatment will remain stable throughout the duration of the study. The primary endpoint of the study will be change from baseline in FVC at week 48 and the key secondary endpoint will be change from baseline in the KSQ-Lung score at week 48.
- On track to complete enrollment in the Phase 2 EFZO-CONNECT™ study to evaluate the efficacy, safety and tolerability of efzofitimod in patients with limited or diffuse systemic sclerosis (SSc, or scleroderma)-related ILD (SSc-ILD) in the first half of 2026. This proof-of-concept study is a randomized, double-blind, placebo-controlled, 28-week study consisting of three parallel cohorts randomized 2:2:1 to either 270 mg or 450 mg of efzofitimod or placebo administered intravenously monthly for a total of six doses. The study intends to enroll up to 25 patients at multiple centers in the United States. Promising interim data from the study were reported in the second quarter of 2025.
- Poster related to the Company’s investigational new drug candidate, ATYR0101, accepted for presentation at the Extracellular Matrix Pharmacology Congress, which is scheduled to take place June 14 – 17, 2026 in Copenhagen, Denmark. The poster, which is titled, “Natural Asp-tRNA Synthetase Fragment Interacts with LTBP-1 on the ECM Promoting Myofibroblast Apoptosis and Reducing Fibrosis,” presents research indicating that AYTR0101 selectively induces myofibroblast apoptosis via modulation of focal adhesion kinase (FAK) signaling through a novel binding interaction with latent-transforming growth factor beta binding protein 1 (LTBP-1) and results in a significant reduction of fibrosis in lung and kidney models. The poster will be available on the Company’s website once presented.
First Quarter 2026 Financial Highlights and Cash Position
- Cash & Investment Position: Cash, cash equivalents, restricted cash and available-for-sale investments as of March 31, 2026, were
$68.3 million .
- R&D Expenses: Research and development expenses were
$7.3 million for the first quarter 2026, which consisted primarily of costs for the Phase 3 EFZO-FIT™ and Phase 2 EFZO-CONNECT™ studies and research and development costs for the Company’s preclinical product candidates. - G&A Expenses: General and administrative expenses were
$4.1 million for the first quarter 2026.
About Efzofitimod
Efzofitimod is a novel biologic immunomodulator in clinical development for the treatment of interstitial lung disease (ILD), a group of immune-mediated disorders that can cause inflammation and fibrosis, or scarring, of the lungs. Efzofitimod is a tRNA synthetase derived therapy that selectively modulates activated myeloid cells through neuropilin-2 to resolve inflammation without immune suppression and potentially prevent the progression of fibrosis. Efzofitimod is currently being investigated in the Phase 2 EFZO-CONNECT™ study in patients with systemic sclerosis (SSc, or scleroderma)-related ILD, and aTyr intends to submit an investigational new drug (IND) application in June 2026 for a global Phase 3 study of efzofitimod in patients with pulmonary sarcoidosis, a major form of ILD. These forms of ILD have limited therapeutic options and there is a need for safer and more effective, disease-modifying treatments that improve outcomes.
About aTyr
aTyr is a clinical stage biotechnology company leveraging evolutionary intelligence to translate tRNA synthetase biology into new therapies for fibrosis and inflammation. tRNA synthetases are ancient, essential proteins that have evolved novel domains that regulate diverse pathways extracellularly in humans. aTyr’s discovery platform is focused on unlocking hidden therapeutic intervention points by uncovering signaling pathways driven by its proprietary library of domains derived from all 20 tRNA synthetases. aTyr’s lead therapeutic candidate is efzofitimod, a novel biologic immunomodulator in clinical development for the treatment of interstitial lung disease, a group of immune-mediated disorders that can cause inflammation and progressive fibrosis, or scarring, of the lungs. For more information, please visit www.atyrpharma.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identified by the use of words such as “aims,” “anticipates,” “believes,” “can,” “designed,” “expects,” “hopes,” “intends,” “look toward,” “may,” “plans,” “potential,” “project,” “suggest,” “will,” and variations of such words or similar expressions. We intend these forward-looking statements to be covered by such safe harbor provisions for forward-looking statements and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements include, among others, statements regarding the potential therapeutic benefits and applications of efzofitimod and ATYR0101; timelines and plans with respect to certain development activities and development goals, including the submission (and planned timing of submission) of an IND for a Phase 3 study of efzofitimod in pulmonary sarcoidosis in June 2026, the proposed design of our planned Phase 3 study of efzofitimod in pulmonary sarcoidosis, including the dosing regimen, enrollment expectations, targeted endpoints, and strategy to focus on a more limited patient population; our interpretation of the results of the Phase 3 EFZO-FIT™ study and the meaning of those interpretations for our planned Phase 3 study; the expected size and number of patients to be enrolled in the Phase 2 EFZO-CONNECT™ study; and our expectation that the EFZO-CONNECT™ study will complete enrollment in the first half of 2026. These forward-looking statements also reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects, as reflected in or suggested by these forward-looking statements, are reasonable, we can give no assurance that the plans, intentions, expectations, strategies or prospects will be attained or achieved. All forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain. Furthermore, actual results may differ materially from those described in these forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, uncertainty related to interactions with the FDA in general, risks related to our reliance on third-party partners and the potential that such partners may not perform as anticipated, the fact that NRP2 and tRNA synthetase biology is not fully understood, uncertainty regarding the ultimate long-term impact of evolving macroeconomic and geopolitical conditions, the risks associated with targeting a more limited patient population in our planned Phase 3 study of efzofitimod in pulmonary sarcoidosis, the risk of delays in our clinical trials, risks associated with the discovery, development and regulation of our existing or future product candidates, including the uncertainty of related costs and regulatory filings and the risk that results from clinical trials or other studies may not support further development, the risk that we may cease or delay preclinical or clinical development activities for any of our existing or future product candidates for a variety of reasons (including difficulties or delays in patient enrollment in planned clinical trials), the fact that our collaboration agreements are subject to early termination, and the risk that we may not be able to raise the additional funding required for our business and product development plans, as well as those risks set forth in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in our other SEC filings. Except as required by law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
| ATYR PHARMA INC. | ||||||||
| Condensed Consolidated Statements of Operations | ||||||||
| (in thousands, except share and per share data) | ||||||||
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| (unaudited) | ||||||||
| Operating expenses: | ||||||||
| Research and development | 7,317 | 11,814 | ||||||
| General and administrative | 4,119 | 3,959 | ||||||
| Total operating expenses | 11,436 | 15,773 | ||||||
| Loss from operations | (11,436 | ) | (15,773 | ) | ||||
| Total other income (expense), net | 644 | 892 | ||||||
| Consolidated net loss | (10,792 | ) | (14,881 | ) | ||||
| Net loss attributable to noncontrolling interest in Pangu BioPharma Limited | 1 | 1 | ||||||
| Net loss attributable to aTyr Pharma, Inc. | $ | (10,791 | ) | $ | (14,880 | ) | ||
| Net loss per share, basic and diluted | $ | (0.11 | ) | $ | (0.17 | ) | ||
| Shares used in computing net loss per share, basic and diluted | 98,043,839 | 86,485,126 | ||||||
| ATYR PHARMA INC. | ||||||||
| Condensed Consolidated Balance Sheets | ||||||||
| (in thousands) | ||||||||
| March 31, | December 31, | |||||||
| 2026 | 2025 | |||||||
| (unaudited) | ||||||||
| Cash, cash equivalents, restricted cash and available-for-sale investments | $ | 68,318 | $ | 80,922 | ||||
| Other receivables | 477 | 873 | ||||||
| Property and equipment, net | 4,237 | 4,263 | ||||||
| Operating lease, right-of-use assets | 5,441 | 5,524 | ||||||
| Financing lease, right-of-use assets | 447 | 596 | ||||||
| Prepaid expenses and other assets | 734 | 825 | ||||||
| Total assets | $ | 79,654 | $ | 93,003 | ||||
| Accounts payable and accrued expenses | $ | 10,213 | $ | 13,682 | ||||
| Current portion of operating lease liability | 890 | 836 | ||||||
| Current portion of financing lease liability | 596 | 630 | ||||||
| Long-term operating lease liability, net of current portion | 10,063 | 10,308 | ||||||
| Long-term financing lease liability, net of current portion | 151 | 259 | ||||||
| Total stockholders’ equity | 57,741 | 67,288 | ||||||
| Total liabilities and stockholders’ equity | $ | 79,654 | $ | 93,003 | ||||
| Contact: |
| Ashlee Dunston |
| Sr. Director, Investor Relations and Public Affairs |
| adunston@atyrpharma.com |
