Full Press Release Details
Armata Pharmaceuticals Announces Appointment
of Life Sciences Accounting and Finance Veteran David House as SVP of Finance and Principal Financial Officer
LOS ANGELES, Calif., August 15, 2024 -- Armata
Pharmaceuticals, Inc. (NYSE American: ARMP) ("Armata" or the "Company"), a biotechnology company
focused on the development of high-purity, pathogen-specific bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat
bacterial infections, today announced the appointment of life sciences accounting and finance veteran David House as Senior Vice President,
Finance, effective August 16th. Armata's Corporate Controller, Richard Rychlik, will retain the position of Controller.
"We are delighted to welcome David to the
Armata team," stated Dr. Deborah Birx, Chief Executive Officer of Armata. "David's extensive experience and track
record of serving in senior accounting and finance roles within both clinical and commercial stage life sciences companies will serve
us well as we continue to advance our two distinct programs - AP-PA02 and AP-SA02 - and prepare to initiate pivotal studies
next year. This is an exciting time at Armata, and the addition of David to our senior team helps ensure that we are best positioned to
achieve long-term success as we work to introduce an exciting new class of anti-infectives to treat serious drug-resistant bacterial infections."
Before joining Armata, Mr. House served as
Corporate Controller and Vice President of Accounting at ZO Skin Health, Inc., a multi-channel physician-dispensed skincare company,
from October 2018 to May 2024. At ZO Skin Health, he led global accounting operations, managed financial reporting, and played
a crucial role in the company's acquisition by Blackstone. He also established international subsidiaries and oversaw financial integration
for mergers and acquisitions. Mr. House's experience includes similar financial leadership roles at Peregrine Pharmaceuticals, Inc.,
a clinical-stage biopharmaceutical company, and Avid Bioservices, Inc. (CDMO), a contract development and manufacturing organization
where he served as Controller and was responsible for implementing ASC 606, managing technical accounting, and conducting Securities and
Exchange Commission (the "SEC") reporting.
Mr. House's career also includes roles
at Viant, Inc. (DSP), Sourcing Solutions, LLC, and Apria Healthcare (APR), where he held various accounting and financial management
positions. In the early stages of his career, Mr. House worked as a Senior Auditor at Windes, a public accounting firm. There, he
managed comprehensive audits for public, private, and not-for-profit entities and contributed to SEC filings and internal control evaluations.
Mr. House holds a Bachelor of Arts in Business Administration with an Accounting concentration from California State University,
Fullerton. He obtained his California Certified Public Accountant license, which is currently inactive.
About Armata Pharmaceuticals, Inc.
Armata is a clinical-stage biotechnology company
focused on the development of pathogen-specific bacteriophage therapeutics for the treatment of antibiotic-resistant and difficult-to-treat
bacterial infections using its proprietary bacteriophage-based technology. Armata is developing and advancing a broad pipeline of natural
and synthetic phage candidates, including clinical candidates for Pseudomonas aeruginosa, Staphylococcus aureus, and other
pathogens. Armata is committed to advancing phage therapy with drug development expertise that spans bench to clinic including in-house
phage specific cGMP manufacturing.
Forward Looking Statements
This communication contains "forward-looking"
statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events, results or to
Armata's future financial performance and involve known and unknown risks, uncertainties and other factors which may cause Armata's
actual results, performance or events to be materially different from any future results, performance or events expressed or implied by
the forward-looking statements. In some cases, you can identify these statements by terms such as "anticipate," "believe,"
"could," "estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "should," "will," "would" or the negative of those terms,
and similar expressions. These forward-looking statements reflect management's beliefs and views with respect to future events and
are based on estimates and assumptions as of the date of this communication and are subject to risks and uncertainties including risks
related to Armata's development of bacteriophage-based therapies; ability to staff and maintain its production facilities under
fully compliant current Good Manufacturing Practices; ability to meet anticipated milestones in the development and testing of the relevant
product; ability to be a leader in the development of phage-based therapeutics; ability to achieve its vision, including improvements
through engineering and success of clinical trials; ability to successfully complete preclinical and clinical development of, and obtain
regulatory approval of its product candidates and commercialize any approved products on its expected timeframes or at all; and Armata's
estimates regarding anticipated operating losses, capital requirements and needs for additional funds. Additional risks and uncertainties
relating to Armata and its business can be found under the caption "Risk Factors" and elsewhere in Armata's filings
and reports with the SEC, including in Armata's Annual Report on Form 10-K, filed with the SEC on March 21, 2024, and
in its subsequent filings with the SEC.
Armata expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Armata's
expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
Armata Pharmaceuticals, Inc.
LifeSci Advisors, LLC