Armata Pharmaceuticals Secures $15 Million Loan from Innoviva Strategic Opportunities
Reuters
Nov 13
Armata Pharmaceuticals Secures $15 Million Loan from Innoviva Strategic Opportunities
Armata Pharmaceuticals Inc. has entered into a secured credit agreement with Innoviva Strategic Opportunities LLC, a wholly owned subsidiary of Innoviva, Inc. Under this agreement, Armata, whose largest shareholder is Innoviva, will receive a $15.0 million loan maturing on January 11, 2029. The proceeds from this financing are being used to advance the development of Armata's bacteriophage therapeutic candidate, AP-SA02.
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