earnings
confidence high
sentiment neutral
materiality 0.60
Protara Q4 net loss $12.8M, cash $170M; ADVANCED-2 12-month data by mid-2025
Protara Therapeutics, Inc.
- Cash and equivalents $170.3M as of Dec 31, 2024, funded into 2027 after $100M public offering.
- Full year 2024 net loss $44.6M ($2.17/share) vs $40.4M ($3.57/share) in 2023.
- ADVANCED-2 trial: 12-month data from evaluable NMIBC patients expected by mid-2025; 72% CR at 6 months reported.
- THRIVE-3 registrational trial of IV Choline Chloride to start in 1H 2025; FDA Fast Track granted.
- STARBORN-1 interim update for TARA-002 in pediatric LMs expected by end of 1H 2025.