Armata Pharmaceuticals, Inc.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
Social Achievements
- Commitment to diversity and inclusion, with pay equity reviews conducted annually.
- Implemented remote work protocol during the COVID-19 pandemic to ensure employee safety.
Climate Goals & Targets
Environmental Challenges
- Substantial doubt about the ability to continue as a going concern due to recurring losses and negative cash flows.
- Competition from major pharmaceutical and biotechnology companies with significantly greater resources.
- Complexity and cost of developing and obtaining regulatory approval for novel phage-based therapies.
- Potential liability related to patient data privacy and security.
- Risks associated with government contracting and compliance obligations.
Mitigation Strategies
- Secured $35 million loan from Innoviva in March 2024.
- Actively seeking additional funding through equity offerings, debt financings, collaborations, and grants.
- Implementing robust cybersecurity risk management and strategy.
- Maintaining compliance with applicable healthcare regulatory laws.
- Developing and maintaining proper and effective processes and operating procedures as a government contractor.