Phathom Pharmaceuticals Stock Falls on CEO Switch

Dow Jones

04-01

By Kelly Cloonan

Shares of Phathom Pharmaceuticals fell after the company said Chief Executive Officer Terrie Curran has resigned and will be succeeded by SaNOtize's Steven Basta.

The stock declined 22% to $4.88 on Tuesday, bringing its fall over the last 12 months to 54%.

Phathom said Curran has resigned from her roles as president, CEO and a member of the board for personal reasons.

Basta joins the Florham Park, N.J., biopharmaceutical company as president, CEO and a director, the company said.

Basta previously led SaNOtize, an anti-infective therapies company.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 01, 2025 15:24 ET (19:24 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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