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Armata Pharmaceuticals Shares Rise on Additional $2.5 Million Government Grant

Provided by Dow Jones Jun 23, 2026, 11:49:00 AM

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 07:49 ET (11:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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