Coherus Oncology (CHRS) Posts Q3 Loss and Falls Short of Revenue Projections
Quarterly Performance: Coherus Oncology reported a quarterly loss of $0.33 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.32, and significantly down from a loss of $0.01 per share a year ago.
Revenue Miss: The company generated revenues of $11.57 million for the quarter, missing the consensus estimate by 5.23% and down from $70.77 million in the same quarter last year.
Stock Outlook: Coherus Oncology's stock has underperformed compared to the S&P 500 this year, and its future performance will depend on management's commentary and earnings estimate revisions, currently holding a Zacks Rank #3 (Hold).
Industry Context: The Medical - Biomedical and Genetics industry is ranked in the top 41% of Zacks industries, indicating potential for better performance, while another industry peer, Armata Pharmaceuticals, is expected to report a significant loss in its upcoming results.
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Armata Pharmaceuticals' AP-SA02 Advances to Phase 3 Clinical Study Following Positive FDA Feedback
- Positive FDA Feedback: Armata Pharmaceuticals announced the conclusion of the End-of-Phase 2 response for its bacteriophage product AP-SA02, with the FDA providing critical guidance for the Phase 3 study design, which is set to advance in the second half of 2026, indicating the company's potential in antibiotic therapy.
- Clinical Trial Data Support: The Phase 2 diSArm study demonstrated that AP-SA02 combined with best available antibiotic therapy achieved a significantly higher cure rate at day 12 compared to placebo in patients with complicated Staphylococcus aureus bacteremia, highlighting its effectiveness in treatment.
- Market Reaction: Following the announcement, ARMP shares rose 3.02% in pre-market trading to $6.80, reflecting investor optimism about the company's future prospects and boosting market confidence.
- Future Development Plans: Armata is actively addressing FDA comments, including on Chemistry, Manufacturing, and Controls, to align with the existing Phase 3 manufacturing and quality strategy, further advancing the commercialization process of AP-SA02.

Armata Pharmaceuticals' AP-SA02 Advances to Phase 3 Clinical Trial Following FDA Approval
- FDA Approval for Phase 3: The FDA confirmed that safety and efficacy data from Armata Pharmaceuticals' AP-SA02 in the Phase 2 diSArm study support its advancement to a Phase 3 clinical trial, anticipated to begin in the second half of 2026, marking a significant advancement in bacterial infection treatment.
- Optimized Clinical Trial Design: The FDA provided critical guidance on the Phase 3 study design, and Armata is adjusting its Chemistry, Manufacturing, and Controls (CMC) strategy based on FDA feedback to align with existing manufacturing and quality strategies, thereby enhancing the likelihood of clinical trial success.
- Significant Funding Support: The development of AP-SA02 is partially funded by a $26.2 million grant from the U.S. Department of Defense, which not only secures financial backing for Armata's R&D but also underscores the government's commitment to addressing antibiotic resistance, further propelling the project's progress.
- Huge Market Potential: If successful in Phase 3, AP-SA02 would be the first superiority-based antibacterial drug candidate in decades, potentially offering new treatment options for patients with complicated Staphylococcus aureus infections, thus meeting the urgent market demand for effective antibiotics.






