Prothena Corp. (PRTA) Tops Q2 EPS by 42c, Beats on Revenues

August 8, 2017 4:58 PM EDT

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Prothena Corp. (NASDAQ: PRTA) reported Q2 EPS of ($0.46), $0.42 better than the analyst estimate of ($0.88). Revenue for the quarter came in at $26.8 million versus the consensus estimate of $15.09 million.

  • Net cash used in operating and investing activities was $36.3 million in the second quarter and $76.5 million for the first six months of 2017; quarter-end cash and restricted cash position of $475.8 million, provides funding to advance diverse pipeline
  • Initiated, with Roche, the global Phase 2 PASADENA study of PRX002/RG7935 in patients with early Parkinson’s disease, triggering a $30 million milestone payment from Roche to Prothena
  • Completed enrollment in the Phase 3 VITAL Amyloidosis Study evaluating NEOD001 in newly diagnosed, treatment naïve patients with AL amyloidosis and cardiac dysfunction
  • Strengthened management team with appointments of Sarah Noonberg, MD, PhD as Chief Medical Officer and Wagner Zago, PhD as Chief Scientific Officer

For earnings history and earnings-related data on Prothena Corp. (PRTA) click here.

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