Atrium Therapeutics Reports Second Quarter 2026 Financial Results

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โดย PR Newswire·US·Read original
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Atrium Therapeutics reported second quarter 2026 financial results and announced FDA clearance of its IND application for ATR 1072, enabling the launch of the Corventis Phase 1/2 trial in PRKAG2 syndrome. The company also earned a second milestone payment of $15 million under its global cardiovascular collaboration with Bristol Myers Squibb, which will be recorded in the third quarter. Collaboration revenue was $3.0 million for the quarter, while R&D expenses were $15.3 million and G&A expenses were $10.3 million. As of June 30, 2026, Atrium had $263.9 million in cash, cash equivalents and short-term investments, which the company believes is sufficient to fund operations through mid-2028. The Corventis trial is expected to enroll its first participant by the end of 2026, with initial proof-of-concept data anticipated in the second half of 2027.

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Biotech & Genomic Medicine · 2 stocks
Bristol-Myers Squibb Company
BMY
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Atrium earned a $15M milestone payment under its collaboration with Bristol Myers Squibb, indicating progress in their partnership.

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