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BiomX (NYSE: PHGE) subsidiary seeks insolvency as Phase 2b study ends, BX011 program retained

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BiomX Inc. reported that its Israeli subsidiary, BiomX Ltd., will seek insolvency proceedings under the Israeli Insolvency and Financial Regulation law 5778-2018. This follows the earlier discontinuation of a Phase 2b clinical study after the company concluded that the timelines and resources required for an alternative dosing strategy exceeded its available resources.

In light of these limited financial resources, the BiomX Ltd. board authorized filing the insolvency application on December 11, 2025. BiomX Inc. states that it is evaluating strategic options and continues to own its BX011 program for diabetic foot infections, which is being conducted by its other subsidiary, Adaptive Phage Therapeutics, Inc.

Positive

  • None.

Negative

  • BiomX Ltd. board approval of insolvency proceedings under Israeli Insolvency and Financial Regulation law 5778-2018, explicitly tied to the subsidiary’s and group’s limited financial resources.
  • Discontinuation of the Phase 2b study after determining that the alternative dosing strategy recommended by the Data Monitoring Committee would require more time and resources than the company could support.

Insights

BiomX’s main Israeli subsidiary moves toward insolvency as cash constraints halt a key Phase 2b program.

The company explains that a Phase 2b study run primarily through BiomX Ltd. was discontinued after an alternative dosing strategy recommended by the Data Monitoring Committee was deemed too resource-intensive relative to available funds. This indicates that clinical development plans are being driven by capital limitations rather than purely scientific or commercial priorities.

On December 11, 2025, the board of BiomX Ltd. approved filing for insolvency proceedings under Israeli law due to these limited financial resources. Insolvency at this subsidiary level can affect ongoing operations, obligations, and asset control housed in that entity. BiomX Inc. notes it is evaluating strategic options and continues to own the BX011 diabetic foot infection program conducted by Adaptive Phage Therapeutics, Inc., so future disclosures in company filings may clarify how this remaining asset and any strategic transaction processes evolve.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

Form 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 11, 2025

 

BiomX Inc.
(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-38762   82-3364020
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

22 Einstein St., Floor 4
Ness Ziona, Israel
  7414003
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: +972 723942377

 

n/a
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.0001 par value   PHGE   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 8.01 Other Events.

 

As previously reported, on December 8, 2025, BiomX Inc. (“BiomX” or the “Company”) announced the discontinuation of its ongoing Phase 2b study (the “Study”), which was primarily conducted by the Company’s wholly owned Israeli subsidiary, BiomX Ltd. After evaluating the projected timelines and resources required to proceed with an alternative dosing strategy recommended by the Data Monitoring Committee, the Company determined that these requirements exceeded its available resources, resulting in the decision to discontinue the program.

 

On December 11, 2025, following the discontinuation of the Study and in light of the Company's limited financial resources, the board of directors of BiomX Ltd. resolved to approve and authorize the filing of an application to commence insolvency proceedings for BiomX Ltd. in accordance with the Israeli Insolvency and Financial Regulation law 5778-2018.

 

The Company is evaluating its strategic options while continuing to own its BX011 program for diabetic foot infections, which is being conducted by Adaptive Phage Therapeutics, Inc., the Company's other subsidiary.

 

Forward-Looking Statements

 

This Current Report contains express or implied “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. For example, when BiomX refers to its focus on its BX011 program and prospects of its development, the insolvency proceedings for BiomX Ltd., evaluation of strategic options and the sufficiency of financial and other resources, it is using forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on BiomX management’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of BiomX’s control. These risks and uncertainties include, but are not limited to, changes in applicable laws or regulations; the possibility that BiomX may be adversely affected by other economic, business, and/or competitive factors, including risks inherent in pharmaceutical research and development, such as: adverse results in BiomX’s drug discovery, preclinical and clinical development activities, the risk that the results of preclinical studies and early clinical trials may not be replicated in later clinical trials, BiomX’s ability to enroll patients in its clinical trials, and the risk that any of its clinical trials may not commence, continue or be completed on time, or at all; decisions made by the FDA, and other regulatory authorities; decisions made by investigational review boards at clinical trial sites and publication review bodies with respect to our development candidates; BiomX’s ability to obtain, maintain and enforce intellectual property rights for its platform and development candidates; its potential dependence on collaboration partners; competition; uncertainties as to the sufficiency of BiomX’s cash resources to fund its planned activities for the periods anticipated and BiomX’s ability to manage unplanned cash requirements; BiomX’s ability to pursue strategic alternatives and availability thereof, and general economic and market conditions. Therefore, investors should not rely on any of these forward-looking statements and should review the risks and uncertainties described under the caption “Risk Factors” in BiomX’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 25, 2025, and additional disclosures BiomX makes in its other filings with the SEC, which are available on the SEC’s website at www.sec.gov. Forward-looking statements are made as of the date of this press release, and except as provided by law BiomX expressly disclaims any obligation or undertaking to update forward-looking statements.

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  BIOMX INC.
     
December 11, 2025 By: /s/ Jonathan Solomon
    Name: Jonathan Solomon
    Title: Chief Executive Officer

 

 

2

 

FAQ

What did BiomX Inc. (PHGE) announce about its Phase 2b study?

BiomX Inc. stated that it discontinued its ongoing Phase 2b study, which had been primarily conducted by its Israeli subsidiary BiomX Ltd., after determining that the alternative dosing strategy recommended by the Data Monitoring Committee would require timelines and resources that exceeded its available resources.

Why is BiomX Ltd., the BiomX Inc. (PHGE) subsidiary, entering insolvency proceedings?

The board of directors of BiomX Ltd. resolved on December 11, 2025 to file an application to commence insolvency proceedings under Israeli law, citing the company’s limited financial resources following the discontinuation of the Phase 2b study.

How does this 8-K affect BiomX Inc.’s BX011 program for diabetic foot infections?

BiomX Inc. indicated that it continues to own its BX011 program for diabetic foot infections, which is being conducted by its other subsidiary, Adaptive Phage Therapeutics, Inc., and that it is evaluating strategic options around its remaining assets.

What strategic options is BiomX Inc. (PHGE) considering after the insolvency move?

BiomX Inc. stated that it is evaluating its strategic options while its Israeli subsidiary pursues insolvency proceedings and while it continues to own the BX011 program, without detailing specific potential transactions or paths.

What risks and uncertainties did BiomX Inc. highlight in connection with this announcement?

BiomX Inc. referred to various risks and uncertainties, including adverse results in research and development, regulatory decisions, intellectual property protection, dependence on collaborators, competition, and the sufficiency of its cash resources, and directed readers to the “Risk Factors” in its Form 10-K filed on March 25, 2025.

Does the BiomX Inc. (PHGE) filing provide assurances about future performance?

No. BiomX emphasized that its statements about the BX011 program, insolvency proceedings for BiomX Ltd., strategic options, and financial resources are forward-looking statements subject to uncertainties, and that these are not assurances of future performance.
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Biotechnology
Biological Products, (no Disgnostic Substances)
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