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Theriva Biologics (NYSE American: TOVX) wins approval to launch VIRAGE2 Phase 2a VCN-01 trial in metastatic pancreatic cancer

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Theriva Biologics announced that the Spanish Agency of Medicines and Medical Devices has authorized initiation of VIRAGE2, a Phase IIa proof-of-concept trial in newly diagnosed metastatic pancreatic ductal adenocarcinoma (PDAC). The study will test more frequent dosing of the oncolytic adenovirus VCN-01 with gemcitabine/nab-paclitaxel chemotherapy.

VIRAGE2 will enroll 6 evaluable patients at a single site in Spain and is designed to give at least three doses of VCN-01 two months apart. It builds on the 112-patient VIRAGE Phase 2b trial, where two VCN-01 doses given three months apart improved overall survival, progression free survival and duration of response versus one dose or chemotherapy alone. Results from VIRAGE2 are expected to refine the VCN-01 dosing regimen for potential use in a future pivotal Phase 3 trial.

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
VIRAGE prior trial size 112 patients VIRAGE Phase 2b trial in treatment-naïve metastatic PDAC
VIRAGE2 planned evaluable patients 6 patients Phase 2a single-site trial in metastatic PDAC
VCN-01 clinical exposure 142 patients Total patients treated with VCN-01 across trials
VCN-01 macrocycles in VIRAGE2 At least 3 doses Doses given 2 months apart with SoC chemotherapy
Study power 80% power Designed to detect difference in VCN-01 viral genome levels
Statistical alpha 0.05 (2-sided) Design parameter for VIRAGE2 viral genome endpoint
oncolytic adenovirus medical
"VCN-01 (zabilugene almadenorepvec) is a systemically administered oncolytic adenovirus designed to selectively and aggressively replicate within tumor cells"
An oncolytic adenovirus is a virus based on adenovirus that has been modified to preferentially infect and kill cancer cells and often to activate the immune system against tumors—imagine a guided missile that both destroys cancer cells and raises an alarm for the body's defenses. Investors should note these therapies can deliver large upside if clinical trials prove effective, but they carry substantial clinical, manufacturing and regulatory risks that can cause big valuation swings.
progression free survival medical
"patients who received 2 doses of VCN-01 ... had significantly improved overall survival, progression free survival, and duration of response"
Progression free survival is the length of time during and after a treatment when a disease, such as cancer, does not get worse or spread. It is an important measure because longer periods of stability can indicate that a treatment is effectively controlling the condition. For investors, it provides insight into the potential durability and success of a therapy or medication.
metastatic pancreatic ductal adenocarcinoma medical
"first-line patients with metastatic Pancreatic Ductal Adenocarcinoma"
A late-stage form of pancreatic cancer that starts in the cells lining the pancreatic ducts and has spread to other organs, making it much harder to treat successfully. For investors, the condition matters because it creates urgent demand for effective drugs and diagnostics; trial results, regulatory approvals, or new treatment advances can rapidly change the commercial outlook for companies working in oncology, similar to a sudden shift in demand for a breakthrough product.
standard-of-care (SoC) chemotherapy medical
"patients receiving gemcitabine/nab-paclitaxel standard-of-care (SoC) chemotherapy"
Phase 2a medical
"VIRAGE2 is a Phase 2a, single-arm, open-label, clinical trial in 6 evaluable patients"
Phase 2a is an early stage in testing a new medical treatment or drug, where the main goal is to assess its safety and find the right dosage. For investors, this stage indicates whether the treatment shows initial promise before moving on to larger, more definitive studies; progress here can influence expectations for future development and potential success.
neutralizing antibodies medical
"Secondary endpoints include ... circulating levels of anti-VCN-01 neutralizing antibodies"
Neutralizing antibodies are immune proteins that attach to a virus or toxin and stop it from entering and damaging cells, effectively disarming the threat. For investors, measurements showing strong neutralizing activity can signal that a vaccine or treatment is likely to prevent disease, which influences clinical success, regulatory approvals, market demand and potential sales. Think of them as locks that keep a burglar out rather than alarms that merely report a break-in.
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FAQ

What did Theriva Biologics (TOVX) announce in this 8-K filing?

Theriva Biologics announced Spanish regulatory authorization to start VIRAGE2, a Phase IIa trial of VCN-01 plus gemcitabine/nab-paclitaxel in newly diagnosed metastatic pancreatic ductal adenocarcinoma, aimed at testing more frequent VCN-01 dosing to refine regimens for future Phase 3 evaluation.

What is the design of the VIRAGE2 clinical trial for Theriva Biologics (TOVX)?

VIRAGE2 is a Phase 2a, single-arm, open-label trial in 6 evaluable metastatic PDAC patients at one Spanish site. Patients receive at least three VCN-01 “macrocycles” two months apart, each combining intravenous VCN-01 with scheduled gemcitabine/nab-paclitaxel standard-of-care chemotherapy.

How does VIRAGE2 build on the prior VIRAGE Phase 2b trial results for VCN-01?

The earlier 112-patient VIRAGE Phase 2b trial showed that patients receiving two VCN-01 doses three months apart had significantly better overall survival, progression free survival, and duration of response than those given a single dose or chemotherapy alone. VIRAGE2 explores whether even more frequent dosing is feasible.

What are the primary and secondary endpoints of the VIRAGE2 study?

Primary endpoints are safety and pharmacodynamic measures: adverse event profile and levels of VCN-01 viral genomes in blood. Secondary endpoints include objective response rate, duration of response, progression free survival, overall survival, and circulating anti-VCN-01 neutralizing antibody levels in treated metastatic PDAC patients.

What is VCN-01, the lead candidate in Theriva Biologics’ (TOVX) VIRAGE2 trial?

VCN-01 is a systemically administered oncolytic adenovirus engineered to replicate selectively in tumor cells and degrade the tumor stroma. This is intended to lyse cancer cells, improve penetration of co-administered therapies, and increase tumor immunogenicity to support stronger, sustained anti-tumor immune responses.

How many patients have been treated with VCN-01 across Theriva Biologics programs?

VCN-01 has been administered to 142 patients in company- and investigator-sponsored trials across cancers including PDAC, head and neck cancer, ovarian cancer, colorectal cancer, and retinoblastoma. Additionally, two retinoblastoma patients have received VCN-01 through a compassionate use program, expanding clinical experience.

What is the main goal of Theriva Biologics’ VIRAGE2 trial for future development plans?

The main goal is to determine whether more frequent repeated dosing of VCN-01 is well tolerated and maintains adequate viral levels. Data from VIRAGE2 should guide selection of an optimal VCN-01 dosing schedule for potential testing in a future pivotal Phase 3 clinical trial in metastatic pancreatic cancer.
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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): July 7, 2026

 

THERIVA BIOLOGICS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-12584   13-3808303
(State or other jurisdiction of
incorporation)
  (Commission File No.)   (IRS Employer Identification
No.)

 

9605 Medical Center Drive, Suite 270

Rockville, Maryland 20850

(Address of principal executive offices and zip code)

 

(301) 417-4364

Registrant’s telephone number, including area code

 

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 (see General Instruction A.2. below):

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
  ¨ Soliciting material pursuant to Rule 14a-12(b) 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, par value $0.001 per share TOVX NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by checkmark 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 7.01. Regulation FD Disclosure.

 

On July 7, 2026, Theriva Biologics, Inc. (the “Company”) issued a press release announcing that the Spanish Agency of Medicines and Medical Devices (“AEMPS”) has authorized the Company to initiate the VIRAGE2 clinical trial, entitled ”A Phase IIa, single-arm, single-center, open-label, proof-of-concept trial evaluating increased frequency dosing of zabilugene almadenorepvec (VCN-01) in combination with gemcitabine/nab-paclitaxel in patients with newly-diagnosed metastatic pancreatic cancer” (EUCT: 2026-525566-21-00).

 

The VIRAGE2 trial builds on the results of the 112-patient VIRAGE Phase 2b clinical trial evaluating VCN-01 in treatment naïve metastatic pancreatic ductal adenocarcinoma (PDAC) patients receiving gemcitabine/nab-paclitaxel standard-of-care (SoC) chemotherapy. In the VIRAGE trial, patients who received 2 doses of VCN-01 administered 3 months apart had significantly improved overall survival, progression free survival, and duration of response compared to patients treated with only one dose of VCN-01 or with SoC chemotherapy alone. As previously reported, both the EMA and the FDA recognized the improved survival in the group treated with 2 doses of VCN-01, and raised the possibility of more frequent repeated dosing of VCN-01 in combination with SoC chemotherapy to potentially improve clinical outcomes. The VIRAGE2 trial is designed to evaluate the feasibility of administering at least 3 doses of VCN-01 given 2 months apart in combination with SoC chemotherapy. Results from this trial will inform the VCN-01 dosing regimen for potential evaluation in a future pivotal Phase 3 clinical trial.

 

The information in this Item 7.01 and in the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended and shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. The press release furnished as Exhibit 99.1 to this Current Report on Form 8-K includes “safe harbor” language pursuant to the Private Securities Litigation Reform Act of 1995, as amended, indicating that certain statements contained therein are “forward-looking” rather than historical.

 

Item 8.01. Other Events. 

 

On July 7, 2026, the Company issued a press release announcing that the AEMPS has authorized the Company to initiate the VIRAGE2 clinical trial, entitled ”A Phase IIa, single-arm, single-center, open-label, proof-of-concept trial evaluating increased frequency dosing of zabilugene almadenorepvec (VCN-01) in combination with gemcitabine/nab-paclitaxel in patients with newly-diagnosed metastatic pancreatic cancer” (EUCT: 2026-525566-21-00).

 

The VIRAGE2 trial builds on the results of the 112-patient VIRAGE Phase 2b clinical trial evaluating VCN-01 in treatment naïve metastatic pancreatic ductal adenocarcinoma (PDAC) patients receiving gemcitabine/nab-paclitaxel standard-of-care (SoC) chemotherapy. In the VIRAGE trial, patients who received 2 doses of VCN-01 administered 3 months apart had significantly improved overall survival, progression free survival, and duration of response compared to patients treated with only one dose of VCN-01 or with SoC chemotherapy alone. As previously reported, both the EMA and the FDA recognized the improved survival in the group treated with 2 doses of VCN-01, and raised the possibility of more frequent repeated dosing of VCN-01 in combination with SoC chemotherapy to potentially improve clinical outcomes. The VIRAGE2 trial is designed to evaluate the feasibility of administering at least 3 doses of VCN-01 given 2 months apart in combination with SoC chemotherapy. Results from this trial will inform the VCN-01 dosing regimen for potential evaluation in a future pivotal Phase 3 clinical trial.

 

-1-

 

 

Item 9.01. Financial Statements and Exhibits.

 

(d)   Exhibits.
   
  The following exhibit is furnished with this Current Report on Form 8-K.

 

Exhibit
Number
  Description
99.1   Press Release issued by Theriva Biologics, Inc., dated July 7, 2026
104   Cover Page Interactive Data File (embedded within the XBRL document)

 

-2-

 

 

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.

 

Dated: July 7, 2026 THERIVA BIOLOGICS, INC.
       
  By: /s/ Steven A. Shallcross
    Name: Steven A. Shallcross
    Title: Chief Executive Officer and Chief Financial Officer

 

-3-

 

 

Exhibit 99.1

 

 

 

Theriva™ Biologics Announces Regulatory Authorization to Proceed with a VIRAGE2 Phase 2a Clinical Trial to Evaluate More Frequent Dosing of VCN-01 (zabilugene almadenorepvec) in First-Line Patients with Metastatic Pancreatic Ductal Adenocarcinoma

 

- VIRAGE2 exploratory study designed to refine dosing regimen to potentially improved outcomes in a future pivotal Phase 3 clinical trial -

 

- Study builds on positive clinical data from the recent VIRAGE study and feedback from the EMA and FDA recognizing the potential of repeated VCN-01 dosing to provide clinical benefit -

 

Rockville, MD, July 07, 2026 – Theriva™ Biologics (NYSE American: TOVX), a diversified clinical-stage company developing therapeutics designed to treat cancer and related diseases in areas of high unmet need, today announced that the Spanish Agency of Medicines and Medical Devices (AEMPS) has authorized the Company to initiate the VIRAGE2 clinical trial, entitled ”A Phase IIa, single-arm, single-center, open-label, proof-of-concept trial evaluating increased frequency dosing of zabilugene almadenorepvec (VCN-01) in combination with gemcitabine/nab-paclitaxel in patients with newly-diagnosed metastatic pancreatic cancer” (EUCT: 2026-525566-21-00).

 

The VIRAGE2 trial builds on the results of the 112-patient VIRAGE Phase 2b clinical trial evaluating VCN_01 in treatment naïve metastatic pancreatic ductal adenocarcinoma (PDAC) patients receiving gemcitabine/nab-paclitaxel standard-of-care (SoC) chemotherapy. In the VIRAGE trial, patients who received 2 doses of VCN-01 administered 3 months apart had significantly improved overall survival, progression free survival, and duration of response compared to patients treated with only one dose of VCN-01 or with SoC chemotherapy alone. As previously reported, both the EMA and the FDA recognized the improved survival in the group treated with 2 doses of VCN-01, and raised the possibility of more frequent repeated dosing of VCN-01 in combination with SoC chemotherapy to potentially improve clinical outcomes. The VIRAGE2 trial is designed to evaluate the feasibility of administering at least 3 doses of VCN-01 given 2 months apart in combination with SoC chemotherapy (see About VIRAGE2). Results from this trial will inform the VCN-01 dosing regimen for potential evaluation in a future pivotal Phase 3 clinical trial.

 

“We are excited to start this important exploratory clinical trial to refine the VCN-01 dosing regimen,” said Steven A. Shallcross, Chief Executive Officer of Theriva Biologics. “From the first VIRAGE trial we learned that repeated dosing of VCN-01 can lead to improved clinical outcomes in first-line metastatic PDAC patients receiving gemcitabine/nab-paclitaxel SoC chemotherapy. We expect more frequent repeated dosing of VCN-01 to enable more potent degradation of the tumor stroma and elicit earlier induction of an antitumor immune response. The primary objective of VIRAGE2 is to determine whether more frequent repeated dosing of VCN-01 is well tolerated by patients and does not adversely impact VCN-01 levels in the body. If feasible, more frequent repeated dosing of VCN-01 could significantly improve the potential clinical benefits achievable in future clinical trials of VCN-01 combined with a range of treatments, including chemotherapy, immunotherapy, antibody-drug conjugates, and/or KRAS inhibitors.”

 

 

 

 

 

About Pancreatic Ductal Adenocarcinoma

 

Cancer of the pancreas consists of two main histological types: cancer that arises from the ductal (exocrine) cells of the pancreas or, much less often, cancers may arise from the endocrine compartment of the pancreas. Pancreatic ductal adenocarcinoma (“PDAC”) accounts for more than 90% of all pancreatic tumors. It can be located either in the head of the pancreas or in the body/tail. Pancreatic cancer usually metastasizes to the liver and peritoneum. Other less common metastatic sites are the lungs, brain, kidney, and bone. In its early stages, pancreatic cancer does not typically result in any characteristic symptoms. In many instances, progressive abdominal pain is the first symptom. Therefore, in most cases, pancreatic cancer is diagnosed in its late stages (locally advanced non-metastatic or metastatic stage of the disease) when surgical resection and possibly curative treatment is not possible. It is generally assumed that only 10% of cases are resectable at presentation, whereas 30-40% of patients are diagnosed at local advanced/unresectable stage and 50-60% present with distant metastases.

 

About VIRAGE2

 

VIRAGE2 is a Phase 2a, single-arm, open-label, clinical trial in 6 evaluable patients with histologically confirmed, newly diagnosed metastatic PDAC enrolled at a single site in Spain. Patients are intended to receive at least three “macrocycles” of VCN-01 (zabilugene almadenorepvec) and gemcitabine/nab-paclitaxel standard-of-care (SoC) chemotherapy, followed by SoC gemcitabine/nab-paclitaxel cycles until disease progression. In each VCN-01 macrocycle, intravenous VCN-01 is administered on day 1 followed by gemcitabine/nab-paclitaxel SoC chemotherapy on days 8, 15, 22, 36, 43 and 50. Macrocycles are repeated on days 57 and 113. The primary objective of the VIRAGE2 trial is to evaluate whether administration of at least 3 doses of VCN-01, with 2 months between doses, is well tolerated by patients without adversely impacting VCN-01 pharmacodynamics. Primary endpoints for the trial are the adverse event profile and levels of VCN-01 viral genomes in blood. Secondary endpoints include objective response rate, duration of response, progression free survival, overall survival, and circulating levels of anti-VCN-01 neutralizing antibodies. Exploratory endpoints include estimates of potential VCN-01 shedding by measuring VCN-01 viral genomes in sputum and stool. The study is designed with 80% power to detect a difference in VCN-01 viral genome levels between the second and first VCN-01 doses with a 2-sided alpha of 0.05. The study is not formally powered for evaluation of clinical efficacy endpoints and is intended to support evaluation of the potential efficacy of the more frequent repeated dosing regimen in subsequent clinical trials (EUCT: 2026-525566-21-00).

 

About VCN-01

 

VCN-01 (zabilugene almadenorepvec) is a systemically administered oncolytic adenovirus designed to selectively and aggressively replicate within tumor cells and degrade the tumor stroma that serves as a significant physical and immunosuppressive barrier to cancer treatment. This unique mode-of-action enables VCN-01 to exert multiple antitumor effects by (i) selectively infecting and lysing tumor cells; (ii) enhancing the access and perfusion of co-administered chemotherapy products; and (iii) increasing tumor immunogenicity and exposing the tumor to the patient’s immune system and co-administered immunotherapy products. Systemic administration enables VCN-01 to exert its actions on both the primary tumor and metastases. VCN-01 has been administered to 142 patients to date in Company- and investigator-sponsored clinical trials in different cancers, including PDAC (in combination with chemotherapy), head and neck squamous cell carcinoma (with an immune checkpoint inhibitor), ovarian cancer (with CAR-T cell therapy), colorectal cancer, and retinoblastoma (by intravitreal injection). VCN-01 has also been made available for compassionate use in retinoblastoma patients, and 2 patients have been treated in this program. More information on VCN-01 clinical trials is available at Clinicaltrials.gov.

 

 

 

 

 

About Theriva™ Biologics, Inc.

 

Theriva™ Biologics (NYSE American: TOVX), is a diversified clinical-stage company developing therapeutics designed to treat cancer and related diseases in areas of high unmet need. The Company’s subsidiary Theriva Biologics, S.L., has been developing a new oncolytic adenovirus platform designed for intravenous (IV), intravitreal and antitumoral delivery to trigger tumor cell death, improve access of co-administered cancer therapies to the tumor, and promote a robust and sustained anti-tumor response by the patient’s immune system. The Company’s lead clinical-stage candidate is VCN-01 (zabilugene almadenorepvec), an oncolytic adenovirus designed to replicate selectively and aggressively within tumor cells, and to degrade the tumor stroma barrier that serves as a significant physical and immunosuppressive barrier to cancer treatment. An exploratory clinical trial is also on-going with SYN-004 (ribaxamase) which is designed to degrade certain commonly used IV beta-lactam antibiotics within the gastrointestinal (GI) tract to prevent microbiome damage, thereby limiting overgrowth of pathogenic organisms such as VRE (vancomycin resistant Enterococci) and reducing the incidence and severity of acute graft-versus-host-disease (aGVHD) in allogeneic hematopoietic cell transplant (HCT) recipients. For more information, please visit Theriva™ Biologics’ website at www.therivabio.com.

 

Forward-Looking Statement

 

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, and include statements regarding the results from the VIRAGE2 trial informing the VCN-01 dosing regimen for potential evaluation in a future pivotal Phase 3 clinical trial; more frequent repeated dosing of VCN-01 enabling more potent degradation of the tumor stroma and eliciting earlier induction of an antitumor immune response; and more frequent repeated dosing of VCN-01 significantly improving the potential clinical benefits achievable in future clinical trials of VCN-01 combined with a range of treatments, including chemotherapy, immunotherapy, antibody-drug conjugates, and/or KRAS inhibitors. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to finalize protocols for future clinical trials evaluating VCN-01; results of future trials supporting further clinical development of VCN-01 and supporting the benefits of more frequent repeated dosing of VCN-01; the Company’s ability to obtain development funding and/or partnerships; the Company’s commencement of planned clinical trials, which remains subject to sufficient financing; the Company’s ability to raise capital and/or enter into one or more strategic alternatives, that may include a business combination, merger or reverse merger; the Company’s ability to reach clinical milestones when anticipated, including the ability to continue to enroll patients as planned; generating clinical data that establishes VCN-01 may improve patient outcomes in cancer patients; the ability to obtain regulatory approval for commercialization of product candidates or to comply with ongoing regulatory requirements, including approval of VCN-01 to treat cancer patients; regulatory limitations relating to the Company’s ability to promote or commercialize its product candidates for the specific indications; acceptance of the Company’s product candidates in the marketplace; the successful development, marketing or sale of the Company’s products; developments by competitors that render such products obsolete or non-competitive; the Company’s ability to maintain license agreements; the continued maintenance and growth of the Company’s patent estate; the ability to continue to remain well financed; and other factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and its other filings with the SEC, including subsequent periodic reports on Forms 10-Q and current reports on Form 8-K. The information in this release is provided only as of the date of this release, and Theriva Biologics undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

 

 

 

 

 

For further information, please contact:

Investor Relations:

Kevin Gardner
LifeSci Advisors, LLC
kgardner@lifesciadvisors.com

 

Source: Theriva Biologics, Inc.

 

 

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