Welcome to our dedicated page for Phathom Pharmaceuticals news (Ticker: PHAT), a resource for investors and traders seeking the latest updates and insights on Phathom Pharmaceuticals stock.
Phathom Pharmaceuticals, Inc. develops and commercializes treatments for gastrointestinal diseases, with news centered on VOQUEZNA® (vonoprazan), an oral potassium-competitive acid blocker. Company updates commonly cover VOQUEZNA commercialization for GERD, prescription trends, product presentations, clinical and real-world data, and vonoprazan use with antibiotics for H. pylori infection.
Recurring announcements also address financial results, expense discipline, balance-sheet actions, and guidance tied to the company's commercial execution. Phathom's pipeline-related updates include studies evaluating VOQUEZNA in eosinophilic esophagitis and publications or conference presentations involving GERD and non-erosive reflux disease.
Phathom Pharmaceuticals (Nasdaq: PHAT) announced that new data on vonoprazan, a potassium competitive acid blocker (P-CAB), will be presented at the ACG 2021 Annual Scientific Meeting in Las Vegas from October 22-27. The presentation includes insights into acid-related diseases and treatment patterns. Phathom will conduct four poster sessions and one oral presentation while sponsoring a product theater. The company has submitted two NDAs to the FDA for vonoprazan-based regimens targeting H. pylori and plans to submit another NDA for erosive esophagitis treatment by mid-2022.
Phathom Pharmaceuticals (PHAT) announced that vonoprazan met its primary endpoints in the pivotal PHALCON-EE Phase 3 trial, demonstrating superior healing rates compared to lansoprazole in treating erosive esophagitis. Healing rates at Week 8 were 93% for vonoprazan versus 85% for lansoprazole. Additionally, vonoprazan maintained healing at Week 24 with rates of 81% compared to 72% for lansoprazole. A New Drug Application (NDA) is planned for H1 2022 targeting healing and maintenance of erosive esophagitis and heartburn relief, potentially addressing significant unmet needs in the market.
Phathom Pharmaceuticals (Nasdaq: PHAT) announced positive results from its Phase 1 trial (VONO-103), where vonoprazan 20 mg demonstrated superior acid suppression compared to lansoprazole 30 mg over a 7-day period. The study showed a mean 24-hour gastric pH value of 5.9 for vonoprazan versus 3.8 for lansoprazole on Day 7 (p0.0001). Both treatments were well tolerated with no serious adverse events. Phathom is also conducting the Phase 3 PHALCON-EE study, and topline results are expected in October 2021.
Phathom Pharmaceuticals (Nasdaq: PHAT) has secured a $200 million term loan facility from Hercules Capital to bolster its balance sheet ahead of crucial upcoming milestones. The funding allows for a potential commercial launch of vonoprazan, an innovative treatment for acid-related disorders, and extends the company’s cash runway to mid-2023. Key catalysts include pivotal data from the PHALCON-EE Phase 3 trial in October 2021 and plans for regulatory submissions for H. pylori treatments in late 2022.
Phathom Pharmaceuticals (Nasdaq: PHAT) has submitted two new drug applications (NDAs) to the FDA for vonoprazan-based therapies aimed at treating Helicobacter pylori infection in adults. The vonoprazan triple therapy and dual therapy show superior eradication rates compared to current treatments. If approved, Phathom expects to launch these therapies in the U.S. in the latter half of 2022. The submissions follow positive results from the pivotal Phase 3 PHALCON-HP trial, the largest U.S. study for H. pylori. The FDA has also granted these therapies Fast Track designation and qualified infectious disease product status.
Phathom Pharmaceuticals (Nasdaq: PHAT) announced that its executives, including President and CEO Terrie Curran, will engage in a fireside chat at the Morgan Stanley 19th Annual Global Healthcare Conference on September 14, 2021, at 11:00 a.m. ET. The company will also hold one-on-one meetings during the virtual conference from September 9-15, 2021. Phathom focuses on developing innovative treatments for gastrointestinal diseases, notably vonoprazan, a potassium competitive acid blocker in late-stage development for acid-related disorders. Recordings will be available for 90 days following the event.
Phathom Pharmaceuticals (Nasdaq: PHAT) reported Q2 2021 financial results, revealing a net loss of $36.6 million, up from $21.1 million YoY. R&D expenses rose to $21.6 million due to increased clinical trial and CMC costs. General and administrative expenses also climbed to $13.7 million. The company anticipates pivotal Phase 3 data for vonoprazan in erosive esophagitis by October 2021 and Phase 2 data in Q1 2022. Additionally, Phathom is set to submit NDAs for vonoprazan-based regimens for H. pylori in September 2021, with cash reserves of $209.7 million sufficient into Q4 2022.
Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT) announced the unexpected passing of its chairman and founder, Dr. Tachi Yamada, on August 4, 2021, at his home in Seattle, Washington. The company expressed deep condolences to Dr. Yamada's family, highlighting his significant contributions to both Phathom and the field of gastroenterology. Dr. Yamada was recognized as a transformative figure in his industry. Phathom, specializing in treatments for gastrointestinal diseases, is advancing its late-stage development of vonoprazan, a novel treatment for acid-related disorders.
Phathom Pharmaceuticals (Nasdaq: PHAT) will participate in the virtual BMO Biopharma Spotlight Series on August 12, 2021. Terrie Curran, the company's President and CEO, will be part of the "Innovation in GI" panel discussion at 10:50 a.m. ET. Additionally, Phathom management will engage in one-on-one meetings during the event. An on-demand webcast will be accessible on their website for 30 days post-event. Phathom specializes in developing treatments for gastrointestinal diseases and has in-licensed vonoprazan, a late-stage P-CAB treatment for acid-related disorders.
Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT) has announced that its management team will participate in a fireside chat at the Jefferies Virtual Healthcare Conference on June 1, 2021, at 10:00 a.m. ET. The conference runs from June 1-4, 2021, during which management will also engage in one-on-one meetings. Investors can access a live webcast and archived recording via the Phathom website, available for 90 days post-event. Phathom focuses on developing treatments for gastrointestinal diseases, with exclusive rights to vonoprazan for acid-related disorders.