Prothena Corporation PLC
NASDAQ:PRTA

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Prothena Corporation PLC Logo
Prothena Corporation PLC
NASDAQ:PRTA
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Price: 9.87 USD -4.36% Market Closed
Market Cap: 531.3m USD

Prothena Corporation PLC
Investor Relations

Prothena Corp. Plc is a clinical-stage neuroscience company. The firm is engaged in the protein dysregulation and a pipeline of therapeutics for devastating neurodegenerative and rare peripheral amyloid diseases. The company is advancing a pipeline of therapeutic candidates around neurological dysfunction and the biology of misfolded proteins. The firm's clinical pipeline of antibody-based product candidates targets a range of indications, including Birtamimab for the treatment of amyloid light-chain (AL) amyloidosis; prasinezumab for the treatment of Parkinson’s disease and other related synucleinopathies; and PRX004, for the treatment of Transthyretin amyloidosis (ATTR). The firm's pipeline also includes late-preclinical-stage programs targeting proteins implicated in neurological diseases including tau and amyloid beta (Aβ) for the treatment of Alzheimer’s disease and other neurodegenerative disorders, and TDP-43 for the treatment of amyotrophic lateral sclerosis.

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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Feb 20, 2025
AI Summary
Q4 2024

Clinical Milestones: Prothena expects key clinical readouts in 2025, including topline Phase III results for birtamimab in AL amyloidosis and initial Phase I data for PRX012 in Alzheimer's disease.

Birtamimab Opportunity: Birtamimab could become the first anti-amyloid therapy for AL amyloidosis, targeting early mortality with a potential U.S. launch in the second half of 2026 and multi-billion dollar global sales at peak.

Financials: 2024 financial results were in line with guidance, with net cash used at $150.3 million and net loss at $122.3 million, both at the low end of guided ranges.

2025 Guidance: Prothena projects higher net cash use ($168–175 million) and a year-end cash balance of about $301 million in 2025.

Partnered Programs: Significant progress in partnered programs, including BMS's $80 million license for PRX019 and ongoing trials with Roche and Novo Nordisk, with additional clinical results expected in 2025.

Commercial Preparation: The company is actively preparing for its first commercial launch and building the necessary infrastructure, especially for birtamimab's targeted specialty market.

Key Financials
Net Cash Used in Operating and Investing Activities
$150.3 million
Net Loss
$122.3 million
Cash, Cash Equivalents, and Restricted Cash
$472.2 million
Ordinary Shares Outstanding
53.8 million
Partnered Program Payment (BMS for PRX019)
$80 million
Earnings Call Recording
Other Earnings Calls
2024
2023
2022
2021
2020
2019
2018
2017

Management

Dr. Gene G. Kinney Ph.D.
President, CEO & Director
No Bio Available
Mr. Tran B. Nguyen M.B.A.
CFO & Chief Strategy Officer
No Bio Available
Mr. Brandon S. Smith
Chief Operating Officer
No Bio Available
Ms. Carol D. Karp
Chief Regulatory Officer
No Bio Available
Ms. Karin L. Walker CPA
Chief Accounting Officer & Controller
No Bio Available
Dr. Wagner M. Zago Ph.D.
Chief Scientific Officer
No Bio Available
Mr. Mark C. Johnson C.F.A.
Vice President of Investor Relations
No Bio Available
Mr. Michael J. Malecek
Chief Legal Officer
No Bio Available
Mr. David A. Ford
Chief People Officer
No Bio Available
Dr. Chad J. Swanson Ph.D.
Chief Development Officer
No Bio Available

Contacts

Address
DUBLIN
77 Sir John Rogersons Quay, Block C, Grand Canal Docklands
Contacts
+35312362500.0
www.prothena.com