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Azitra, Inc. Announces Q1 2026 Results and Provides Business Updates

Key Takeaway: Azitra, Inc. reported strong Q1 2026 results, highlighting advancements in its clinical trials and the launch of a new cosmeceutical initiative. The company has expanded its Phase 1/2 trial for ATR-04 by partnering with MD Anderson Cancer Center. Additionally, Azitra received a new patent for ATR-12, which is in a Phase 1b trial for Netherton syndrome, enhancing its market position.
Price reaction · baseline $0.2224 (2026-05-13T13:09:00.000Z) · hit during market hours · clean, no other AZTR news in the window
day 0 close · peak
-2.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Significant growth in clinical trial footprint with MD Anderson Cancer Center.
  • Launch of a new cosmeceutical initiative targeting consumer markets.
  • Issuance of a new U.S. patent for lead product ATR-12.

CONCERNS & RISKS

  • Potential delays in clinical trial results and regulatory approvals.
  • Risks associated with competition and market estimation inaccuracies.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~6 mo
High dilution risk
Lead asset
ATR04-484
Phase 1 · EGFR Inhibitor-associated Rash

Full Press Release Details

BRANFORD, Conn.,May 13, 2026/PRNewswire/ -- Azitra, Inc. ("Azitra" or the "Company") (NYSE American: AZTR), a clinical stage biopharmaceutical company focused on developing innovative therapies for precision dermatology, today reported financial results for the quarter ended March 31, 2026, and provided a business update.

Q1 2026 and Recent Business Highlights

"The first quarter of 2026 marked a period of meaningful execution across our clinical and strategic priorities as we continue to advance Azitra's leadership in precision dermatology," said Francisco Salva, CEO of Azitra. "Notably, we significantly grew the clinical footprint for our Phase 1/2 Trial of ATR-04 targeting EGFRi-associated skin rash by adding the world-renowned MD Anderson Cancer Center, which is one of the world's premier oncology institutions. We believe the addition of MD Anderson will serve to enhance patient access and support efficient trial execution in EGFR inhibitor-associated rash—a condition impacting the majority of patients receiving these therapies."
Mr. Salva continued: "In parallel, we expanded our strategic footprint with the launch of our cosmeceutical initiative, leveraging our proprietary filaggrin protein and peptide technologies to potentially address large and growing consumer markets. Based on our preliminary research, we are confident that our technologies and expertise can offer an exciting new way to address the appearance of fine lines and wrinkles as well as dry sensitive skin and eczema-like rashes. As such, this program represents a compelling opportunity to extend our platform beyond therapeutics and create additional avenues for value creation."
Mr. Salva added: "We are also highlighting our platform this week at ASGCT 2026, where we are presenting ATR-01 preclinical data that underscores the potential of our engineered live biotherapeutics. With this scientific visibility occurring alongside our quarterly update, we believe it reinforces the continued progress and relevance of our platform within the broader gene and cell therapy landscape."
Mr. Salva concluded: "We are also excited to report the recent issuance of a new U.S. patent providing broad protection for our lead product, ATR-12, which we are advancing in a Phase 1b clinical trial for Netherton syndrome. With a strengthened balance sheet, expanding clinical execution, and multiple near-term catalysts, we believe Azitra is well positioned to drive continued progress across both our therapeutic pipeline and emerging cosmeceutical platform."

Pipeline Achievements and Upcoming Milestones

ATR-COSF - New Consumer Initiative to Improve the Appearance of Fine Lines and Wrinkles

ATR-12 - Advancing Phase 1b Clinical Trial in Netherton Syndrome

ATR-04 – Addressing an Unmet Need for Cancer Patients in a Multi-billion Dollar Market Opportunity

ATR-01 – Targeting Ichthyosis Vulgaris Which Impacts 1.3 million in the United States

Financial Results for the Quarter Ended March 31, 2026

About Azitra, Inc.

Azitra, Inc. is a clinical stage biopharmaceutical company focused on developing innovative therapies for precision dermatology. The Company's lead program, ATR-12, uses an engineered strain ofS. epidermidisdesigned to treat Netherton syndrome, a rare, chronic skin disease with no approved treatment options. Netherton syndrome may be fatal in infancy with those living beyond a year having profound lifelong challenges. The ATR-12 program includes a Phase 1b clinical trial in adult Netherton syndrome patients. ATR-04, Azitra's additional advanced program, utilizes another engineered strain of S. epidermidis for the treatment of EGFR inhibitor ("EGFRi") associated rash. Azitra has received Fast Track designation from the FDA for EGFRi associated rash, which impacts approximately 150,000 people in the U.S. Azitra has an open IND for its ATR-04 program in patients with EGFRi associated rash. The ATR-12 and ATR-04 programs were developed from Azitra's proprietary platform of engineered proteins and topical live biotherapeutic products that includes a microbial library comprised of approximately 1,500 bacterial strains. The platform is augmented by artificial intelligence and machine learning technology that analyzes, predicts, and helps screen the library of strains for drug like molecules. Azitra is also developing its proprietary filaggrin protein and peptide technologies for the consumer, cosmeceutical market. The new initiative is the first amongst others, which aims to leverage Azitra's microbial genetic engineering platform to manufacture innovative proteins and peptides for the cosmetic and research markets.  For more information, please visithttps://azitrainc.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may be identified by words such as "aims," "anticipates," "believes," "could," "estimates," "expects," "forecasts," "goal," "intends," "may," "plans," "possible," "potential," "seeks," "will," and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements include, without limitation, statements regarding the expected timing of (i) our provision of initial safety data and topline results for the Phase 1b trial for our ATR-12, (ii) the abstract detailing the Phase 1/2 clinical trial for our ATR-04 program, (iii) our provision of initial safety data and topline results for the Phase 1/2 clinical trial for our ATR-04 program, and (iv) statements about our clinical and preclinical programs, and corporate and clinical/preclinical strategies, including our cosmeceutical strategy.
Any forward-looking statements in this press release are based on current expectations, estimates and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the timing of clinical trials and their results; we may experience delays in the provision of initial safety data and topline results for ATR-12 and ATR-04 and, if we do, such data and results may not be favorably received; the safety and efficacy of our product candidates; possible delays in regulatory approval or changes in regulatory framework that are out of our control; our estimation of addressable markets of our product candidates may be inaccurate; we may fail to timely raise additional required funding; more efficient competitors or more effective competing treatment may emerge; we may be involved in disputes surrounding the use of our intellectual property crucial to our success; we may not be able to attract and retain key employees and qualified personnel; earlier study results may not be predictive of later stage study outcomes; and we are dependent on third-parties for some or all aspects of our product manufacturing, research and preclinical and clinical testing. Additional risks concerning Azitra's programs and operations are described or incorporated by reference in our annual report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on February 27, 2026 and our quarterly report on Form 10-Q filed on May 12, 2026 with the SEC. Azitra explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law.
Condensed Statement of Operations(Unaudited)
Three Months Ended March 31,
2026 2025
Operating expenses:
General and administrative $ 2,373,359 $ 1,850,138
Research and development 1,560,565 1,250,100
Total operating expenses 3,933,924 3,100,238
Loss from operations (3,933,924) (3,100,238)
Other income (expense):
Interest income 14,719 37,164
Interest expense (3,411) (1,293)
Change in fair value of warrants 143
Other income (4,624) (4,121)
Total other income 6,684 31,893
Loss before income taxes (3,927,240) (3,068,345)
Income tax expense
Net loss $ (3,927,240) $ (3,068,345)
Net loss per Share, basic and diluted $ (0.25) $ (1.55)
Weighted average common stock outstanding, basic and diluted 15,517,992 1,977,670
Condensed Balance SheetsUnaudited
March31, December 31,
2026 2025
Assets
Current Assets:
Cash and cash equivalents $ 10,051,003 $ 2,068,083
Other receivables 154,492 141,295
Prepaid expenses and other current assets 554,646 809,949
Total current assets 10,760,141 3,019,327
Property and equipment, net 530,438 548,591
Other assets 836,225 1,457,468
Total assets $ 12,126,804 $ 5,025,386
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $ 932,217 $ 399,356
Current financing lease liability 5,850 10,111
Current operating lease liability 240,740 255,776
Insurance premium financing liability 100,463 198,983
Accrued expenses 270,511 203,740
Total current liabilities 1,549,781 1,067,966
Long-term financing lease liability
Long-term operating lease liability 96,740 156,190
Warrant liability
Total liabilities 1,646,521 1,224,156
Stockholders' equity
Common stock 1,619 1,074
Additional paid-in capital 82,927,100 72,321,352
Accumulated deficit (72,448,436) (68,521,196)
Total stockholders' equity 10,480,283 3,801,230
Total liabilities and stockholders' equity $ 12,126,804 $ 5,025,386

Frequently Asked Questions

What were Azitra's Q1 2026 financial results?

Azitra reported significant advancements in clinical trials and launched a new cosmeceutical initiative.

What is the significance of MD Anderson for Azitra?

MD Anderson's involvement enhances patient access and supports efficient trial execution for ATR-04.

What new patent did Azitra receive?

Azitra received a new U.S. patent for ATR-12, which is in a Phase 1b trial for Netherton syndrome.

What is Azitra's new consumer initiative?

Azitra launched a cosmeceutical initiative to improve the appearance of fine lines and wrinkles.

What are the risks mentioned in Azitra's report?

Risks include potential delays in clinical trial results and competition in the market.

Last updated: May 13, 2026