earnings
confidence high
sentiment positive
materiality 0.65
Protalix BioTherapeutics Reports First Quarter 2026 Financial Results and Reaffirms Guidance
Protalix BioTherapeutics, Inc.
- Received $25 million milestone from Chiesi following European Commission approval of Elfabrio 2 mg/kg every-4-weeks dosing regimen.
- PRX-115 Phase 2 RELEASE study for uncontrolled gout continues; top-line results expected second half of 2027.
- Reaffirms 2026 revenue guidance of $78.0-$83.0 million including $25 million milestone; Elfabrio sales $33-$35 million, Elelyso $20-$23 million.
- Cash and equivalents $51 million as of March 31, 2026; no outstanding debt or warrants.