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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
PHAXIAM Therapeutics
PHAXIAM Therapeutics (PHXM) investor relations material
PHAXIAM Therapeutics has been delisted
PHAXIAM Therapeutics Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2024 earnings summary13 Nov, 2024
Executive summary
Cash and cash equivalents reached €5.7 million as of September 30, 2024, following a €7.8 million capital increase in July 2024.
Clinical strategy execution remains on track, with the GLORIA global Phase II study protocol approved by the U.S. FDA and patient recruitment planned for Q1 2025.
PHAXIAM is developing phage therapies targeting resistant bacteria responsible for most hospital-acquired infections.
Financial highlights
Cash position increased from €1.5 million on June 30, 2024, to €5.7 million on September 30, 2024.
Net proceeds from the July 2024 capital increase amounted to €6.8 million after costs.
Current cash runway is expected to fund operations until March 2025.
Outlook and guidance
Patient recruitment for the GLORIA Phase II study is expected to begin in Q1 2025.
First patient enrollment in the Phase II DFU study anticipated in Q4 2024.
Preliminary results from the Phase I endocarditis study expected around mid-2025.
Exploring cost reduction, non-dilutive funding, and strategic investments to extend cash runway.
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Frequently asked questions
PHAXIAM Therapeutics S.A. is a biopharmaceutical company focused on developing innovative treatments for drug-resistant bacterial infections. Leveraging phages, which are viruses that specifically target and kill bacteria, the company is developing a portfolio aimed at combating some of the most challenging and resistant bacterial strains, including Staphylococcus aureus, Escherichia coli, and Pseudomonas aeruginosa. PHAXIAM is also involved in advancing clinical-stage therapies, including eryaspase, which is being tested in late-stage clinical trials for conditions such as pancreatic cancer and acute lymphoblastic leukemia. The company is headquartered in Lyon, France, and its shares are listed on the Euronext Paris.