Risk factors

Phathom Pharmaceuticals (PHAT) risk factors

Item 1A of every Phathom Pharmaceuticals, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    92 risks29 new26 dropped30 reworded

    Phathom Pharmaceuticals faces intense competition, reliance on VOQUEZNA commercial success, and strict ongoing regulatory requirements following product launches.

    Filed Feb 26, 2026
  • FY2024 10-K risk factors
    89 risks

    Phathom Pharmaceuticals faces significant financial risks driven by heavy reliance on vonoprazan products like VOQUEZNA, substantial operating losses, and a reliance on third-party manufacturers.

    Filed Mar 06, 2025