Overview
Prothena Q3 2025 net loss narrowed to $36.5 mln, with collaboration revenue of $2.4 mln
Company highlighted Phase 3 trials for prasinezumab and coramitug
Prothena to hold EGM for potential share redemption program in 2026
Outlook
Prothena expects 2025 net cash use of $170 to $178 mln
Company anticipates ending 2025 with $298 mln in cash
Prothena plans share redemption program vote in Nov 2025
Result Drivers
R&D EXPENSES - Decrease in R&D expenses attributed to lower clinical trial and personnel costs
COLLABORATION REVENUE - Revenue primarily from Bristol Myers Squibb collaboration related to PRX019 Phase 1 trial
CASH POSITION - Strong cash position supports pipeline advancement
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Collaboration Revenue | $2.42 mln | ||
Q3 Net Income | -$36.54 mln | ||
Q3 Operating Expenses | $42.66 mln | ||
Q3 Pretax Profit | -$36.91 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy."
Wall Street's median 12-month price target for Prothena Corporation PLC is $14.50, about 29.2% above its November 5 closing price of $10.27
Press Release: ID:nBw7Py0DGa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)