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0.0404624277456647 -0.000635838150289076 -0.0347976878612717 -0.0385356454720617 -0.069364161849711 -0.0616570327552987 -0.0578034682080925 -0.0367822736030829
Stock impact report

BiomX Launches Security Subsidiary in Israel and Will Initially Invest Over $3 million In Its Operations

BiomX Inc. COmmon Stock (PHGE) 
Company Research Source: GlobeNewswire
NETANYA, Israel, March 26, 2026 (GLOBE NEWSWIRE) -- BiomX Inc. (NYSE American: PHGE) today announced the launch of X Security & Defense LTD., a new wholly-owned subsidiary. The company will finance its 2026 operations with over $3 million from internal funds, including for operations and acquisitions related to security, defense and first response. For its initial transaction, BiomX has signed a non-binding LOI with an unrelated third party to secure the exclusive distribution rights in Israel for an advanced aerial firefighting system from a drone components and payload developer. The proposed license would grant X Security & Defense the rights to distribute drone-based fire suppression solutions, designed to deliver rapid, targeted response capabilities in challenging environments. The system utilizes high-pressure water and fire-retardant dispersion, enabling fire suppression while reducing risk to personnel and minimizing reliance on traditional aerial or ground-based firefight Show less Read more
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