earnings
confidence high
sentiment neutral
materiality 0.60
ProKidney reports Q1 net loss $35.3M, cash $329M; Phase 2 data to be presented May 25
PROKIDNEY CORP.
- RMCL-002 Phase 2 final results to be presented at ERA Congress on May 25, 2024; investor call on May 28.
- PROACT 1 protocol amendment submitted to FDA focusing on severe CKD (eGFR 20-35); enrollment to resume mid-2024.
- Appointed Ulrich Ernst as EVP Technical Operations and Lucio Tozzi as SVP Global Clinical Operations.
- Cash and equivalents $329M as of March 31, 2024, supporting operations into Q4 2025.
- Net loss before noncontrolling interest $35.3M for Q1 2024 vs $36.9M same period 2023.