ProKidney Corp. Reports Q1 2025 Net Loss of $38M, G&A Expenses Rise to $14.4M

Reuters
昨天
<a href="https://laohu8.com/S/PROK">ProKidney Corp.</a> Reports Q1 2025 Net Loss of $38M, G&A Expenses Rise to $14.4M

ProKidney Corp. has released its financial results for the first quarter ended March 31, 2025. The company reported a net loss before noncontrolling interest of $38.0 million, an increase from the $35.3 million loss recorded during the same period in 2024. General and administrative expenses rose to $14.4 million for the quarter, up from $12.8 million in the prior year, primarily due to increased cash compensation and professional fees. ProKidney ended the quarter with $328.5 million in cash, cash equivalents, and marketable securities, down from $358.3 million as of December 31, 2024. These funds are expected to support operations until mid-2027. In terms of business operations, ProKidney anticipates the release of full data from Group 1 of its Phase 2 REGEN-007 study in Q2 2025. This data will include approximately 20 patients who have received two rilparencel injections. Additionally, the company is preparing for a regulatory update on the accelerated approval pathway for rilparencel following a planned Type B meeting with the FDA, expected in mid-2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prokidney Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-069254), on May 12, 2025, and is solely responsible for the information contained therein.

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