Armata Pharmaceuticals, Inc. ARMP announced that the FDA has cleared its investigational new drug (IND) application to initiate a phase Ib/IIa study of its lead therapeutic candidate, AP-PA02, in Pseudomonas aeruginosa infections. The company is developing PA02, a phage cocktail for the treatment of Pseudomonas aeruginosa infections in cystic fibrosis patients.Shares of the company have gained 7.7% year to date against the industry’s decline of 0.2%.The SWARM-P.a. study will be a phase Ib/IIa, multi-center, double-blind, randomized, placebo-controlled, single ascending dose (SAD) and multiple ascending dose (MAD) study to evaluate the safety and tolerability of inhaled AP-PA02 in subjects with cystic fibrosis and chronic pulmonary Pseudomonas aeruginosa infection. Barring worsening COVID-19 conditions, Armata expects to initiate the SAD cohort by the end of 2020.Per the company, the study will be the first FDA-cleared, controlled study to evaluate a multiple phage-based mixture as a therapeutic candidate in cystic fibrosis patients. This study will evaluate the potential of phage to combat multi-drug resistant infections and aims to develop alternatives to antibiotics. The study will initially evaluate AP-PA02 in combination with standard antibiotics but the company ultimately aims to replace antibiotics withthe product candidate as front-line therapy.Armata is also developing and advancing a broad pipeline of natural and synthetic phage candidates, including clinical candidates for Pseudomonas aeruginosa, Staphylococcus aureus and other pathogens. Zacks Rank & Stocks to ConsiderArmata currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the healthcare sector include Emergent Biosolutions Inc. EBS, Castle Biosciences, Inc. CSTL and AVEO Pharmaceuticals Inc. AVEO. While Emergent and Castle Biosciences sport a Zacks Rank #1 (Strong Buy), AVEO carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Emergent’s earnings estimates have increased from $4.03 to $6.61 for 2020 and from $5.07 to $8.42 for 2021 over the past 90 days. Shares of the company have increased 84.5% year to date.Castle Biosciences’ loss per share estimates have narrowed from 51 cents to 11 cents for 2020 over the past 90 days. Shares of the company have increased 47.8% year to date.AVEO’s loss per share estimates have narrowed from $1.58 to $1.25 for 2020 and from $1.56 to $1.22 for 2021 over the past 60 days. Shares of the company have decreased 2.5% year to date. AmpliPhi Biosciences Corporation Price AmpliPhi Biosciences Corporation price | AmpliPhi Biosciences Corporation QuoteLegal Marijuana: An Investor’s DreamImagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027. Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AVEO Pharmaceuticals, Inc. (AVEO): Free Stock Analysis Report Emergent Biosolutions Inc. (EBS): Free Stock Analysis Report AmpliPhi Biosciences Corporation (ARMP): Free Stock Analysis Report Castle Biosciences, Inc. (CSTL): Free Stock Analysis Report To read this article on Zacks.com click here.