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BiomX Announces Compliance with NYSE Guidelines on Audit Opinion Disclosure

Key Takeaway: BiomX Inc. has announced compliance with NYSE guidelines regarding its audit opinion disclosure. The company reported that its annual report for the fiscal year ended December 31, 2024, included a going concern qualification from its independent auditors. This disclosure is made to adhere to specific NYSE American Company Guide requirements and does not alter the existing financial statements. BiomX focuses on developing phage therapies aimed at treating chronic diseases caused by harmful bacteria.
Price reaction · baseline $10.5583 (2025-03-31 close) · hit after-hours · 1 other PHGE headline(s) in the window, move may be shared
day 0 close
-11.3%
day 1 · peak
+13.2%
day 3
+4.4%

Market Sentiment Analysis

POSITIVE FACTORS

  • BiomX is advancing novel phage therapies.
  • The company is targeting specific pathogenic bacteria.
  • BiomX's technology supports treating chronic diseases.

CONCERNS & RISKS

  • The audit opinion includes a going concern qualification.
  • This may indicate potential financial instability.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+190%
120-day peak, hindsight
Typical move
13.4%
average across 4 past catalysts
Cash runway
~1 mo
High dilution risk
Lead asset
BX002-A
Phase 1 · Healthy Volunteers

Full Press Release Details

NESS ZIONA, Israel, April 01, 2025 (GLOBE NEWSWIRE) -- BiomX Inc. (NYSE American: PHGE) (“BiomX” or the “Company”), a clinical-stage company advancing novel natural and engineered phage therapies that target specific pathogenic bacteria, announced that, as previously disclosed in its annual report on Form 10-K for the fiscal year ended December 31, 2024, which was filed with the Securities and Exchange Commission on March 25, 2025, the audit opinion contained a going concern qualification from the Company's independent registered public accounting firm. This announcement is being made solely to comply with the NYSE American Company Guide Sections 401(h) and 610(b), which require separate disclosure of receipt of an audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's 2024 audited financial statements or to its 2024 annual report on Form 10-K.
BiomX is a clinical-stage company leading the development of natural and engineered phage cocktails and personalized phage treatments designed to target and destroy harmful bacteria for the treatment of chronic diseases with substantial unmet needs. BiomX discovers and validates proprietary bacterial targets and applies its BOLT (“BacteriOphage Lead to Treatment”) platform to customize phage compositions against these targets. For more information, please visit https://www.biomx.com/, the content of which does not form a part of this press release.

Frequently Asked Questions

What does BiomX specialize in?

BiomX specializes in developing natural and engineered phage therapies targeting harmful bacteria.

What is the BOLT platform by BiomX?

The BOLT platform allows BiomX to customize phage compositions to target specific bacterial pathogens.

Why did BiomX announce a going concern qualification?

The announcement fulfills NYSE requirements regarding receipt of an audit opinion containing a going concern qualification.

When was BiomX's 10-K report filed?

BiomX's annual report on Form 10-K for fiscal year 2024 was filed on March 25, 2025.

Last updated: Apr 1, 2025