Phathom Shares Fall on Public Offering

Dow Jones01-08

By Nicholas G. Miller

 

Shares of Phathom Pharmaceuticals fell after the company said it would sell stock or warrants to buy stock through a public offering.

The stock slid 12% to $15.88 in after-hours trading. It has more than doubled over the past 12 months.

The company did not specify the size of the offering or when it would be completed. It said it would use net proceeds for working capital and commercialization and research and development expenses.

On Wednesday, the company also released preliminary fourth-quarter results, expecting to report net revenues of $57 million to $58 million. Analysts polled by FactSet project fourth-quarter revenue of $56.2 million.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

January 07, 2026 18:35 ET (23:35 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment