Analyst Joseph Pantginis of H.C. Wainwright reiterated a Buy rating on Armata Pharmaceuticals, retaining the price target of $9.00.
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Joseph Pantginis has given his Buy rating due to a combination of factors, primarily focusing on Armata Pharmaceuticals’ recent advancements in manufacturing and clinical preparations. The commissioning of their new state-of-the-art cGMP manufacturing facility in Los Angeles marks a significant operational milestone. This facility is crucial for supporting pivotal trials and potential future commercial demands, as it ensures the production of high-quality bacteriophage therapeutics with consistent purity.
Additionally, the readiness of this facility aligns with Armata’s plans to initiate a pivotal Phase 3 trial of their AP-SA02 product in 2026. The company has also presented promising data at IDWeek 2025, which supports the advancement of AP-SA02 into this trial. Discussions with the FDA are ongoing regarding the trial’s design, which aims to demonstrate a significant improvement in clinical outcomes. These strategic steps underscore the company’s potential for future growth and success, justifying the Buy rating.