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Phathom Pharmaceuticals PHAT · USD

Health Care · US listing · 🇺🇸 United States

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5.33

+1.52%

Close of 9 Nov 2026, in USD

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About Phathom Pharmaceuticals

From its filings with the US Securities and Exchange Commission

SEC filings

Phathom Pharmaceuticals is based in Florham Park, New Jersey and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PHAT. The SEC classifies its business as pharmaceutical preparations. In the fiscal year to 31 December 2025, it reported revenue of $175.1m and a net loss of $221.2m. At that date it held total assets of $259.1m and shareholders' equity of −$438.2m.

In its own words

We are a commercial-stage biopharmaceutical company focused on commercializing and developing novel treatments for gastrointestinal, or GI, diseases. Our approved products, VOQUEZNA®, VOQUEZNA® DUAL PAK® and VOQUEZNA® TRIPLE PAK®, contain vonoprazan, an oral small molecule potassium-competitive acid blocker, or PCAB. PCABs are a novel class of molecules that block acid secretion in the stomach. VOQUEZNA is the only PCAB currently approved for marketing and sale in the United States.

We began U.S. commercialization of VOQUEZNA for the treatment of erosive gastroesophageal reflux disease, or Erosive GERD, and Helicobacter pylori, or H. pylori, infection, and VOQUEZNA DUAL PAK and VOQUEZNA TRIPLE PAK for the treatment of H. pylori infection, in November 2023. The U.S. Food and Drug Administration, or FDA, approved VOQUEZNA for the relief of heartburn associated with Non-Erosive GERD, the largest category of GERD, in July 2024.

Vonoprazan was originally developed by Takeda Pharmaceutical Company Limited, or Takeda, and is marketed in multiple countries outside the United States. We licensed U.S., European and Canadian rights to vonoprazan from Takeda in 2019. We are independently commercializing VOQUEZNA, VOQUEZNA DUAL PAK and VOQUEZNA TRIPLE PAK in the United States.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Health Care
Industry
Pharmaceuticals
Listed since
25 Oct 2019
Employees
371
Head office
100 CAMPUS DRIVE,, FLORHAM PARK, NJ, 07932
Incorporated in
DE
Classification
Pharmaceutical Preparations
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Mr. Michael ColaIndependent Chairman of the Board$343,597
  • Mr. Steven BastaPresident, Chief Executive Officer, Director, since 2025
  • Dr. Azmi NabulsiCo-Founder, Chief Operating Officer$1.6m
  • Mr. Sanjeev NarulaChief Financial and Business Officer
  • Ms. Anne CookChief Legal Officer and Corporate Secretary
  • Mr. Frank KarbeIndependent Director$297,555
  • Ms. Heidi KunzIndependent Director$304,430
  • Dr. Asit ParikhIndependent Director$296,930
  • Mr. Theodore SchroederIndependent Director
  • Mr. Mark StenhouseIndependent Director$296,097
  • Dr. James TopperIndependent Director$284,430

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
48
Environment
54
Social
30
Governance
59
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

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Weaknesses

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Opportunities

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Threats

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Sources and methodology

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