Bristol-Myers Squibb CompanyAtrium earned a $15M milestone payment under its collaboration with Bristol Myers Squibb, indicating progress in their partnership.

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.
Bristol-Myers Squibb CompanyAtrium earned a $15M milestone payment under its collaboration with Bristol Myers Squibb, indicating progress in their partnership.
Atrium Therapeutics, Inc. Common Stock