Prothena Q3 net loss narrows to $36.5 mln

Reuters
2025/11/07
Prothena Q3 net loss narrows to $36.5 mln

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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