By Katherine Hamilton
Shares of Armata Pharmaceuticals were higher after the company received an additional $2.5 million in funding from a Pentagon grant.
The stock gained 5% to $7.21 in premarket trading Tuesday. Through Monday's close, the stock was up 9% this year.
The late clinical-stage biotechnology company said the award now totals $28.7 million and is for the development of Armata's clinical candidate AP-SA02.
AP-SA02 is designed as an adjunct treatment of complicated Staphylococcus aureus bacteremia, or Staph infection.
The additional funding is intended to fund activities to support Phase 3 readiness of the treatment.
The money came through the Medical Technology Enterprise Consortium and is managed by the Naval Medical Research Command.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
June 23, 2026 07:34 ET (11:34 GMT)
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