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Wednesday, November 03, 2021 11:50:03 AM
11:05 AM EDT, 10/29/2021 (MT Newswires) -- Armata Pharmaceuticals (ARMP) said late Thursday that the Cystic Fibrosis Foundation and Innoviva Strategic Opportunities have made a combined equity investment of $7 million in the biotechnology company.
The funds will support the development of Armata's clinical candidate AP-PA02, which is being studied for treating chronic respiratory infections in patients with cystic fibrosis, the company said.
The $7 million investment and Innoviva's involvement caused the spike in the last few days.
Les
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