Prothena to lay off more than half its staff as part of reorganization [MarketWatch]
Prothena Corporation plc - Ordinary Shares (PRTA)
Last prothena corporation plc - ordinary shares earnings: 2/12 04:05 pm
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Source: MarketWatch
Prothena to lay off more than half its staff as part of reorganization Shares of Prothena Corp. PLC PRTA, +2.09% shed 2.2% in premarket trade Thursday, after the biotechnology company said it would lay off about 57% of its workforce as part of a reorganization resulting from the discontinuation of its NEOD001 monoclonal antibody program. Following the reorganization, the company expects to have 63 employees. The company said the reorganization will align its resources on advancing its neuroscience platform. The stock has plummeted 61.8% year to date through Wednesday, while the iShares Nasdaq Biotechnology ETF IBB, +0.32% has edged up 0.5% and the S&P 500 SPX, -0.06% has gained 2.2%.
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News
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- Prothena Co. plc (NASDAQ: PRTA) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald.MarketBeat
PRTA
Earnings
- 2/15/24 - Miss
PRTA
Sec Filings
- 3/29/24 - Form ARS
- 3/29/24 - Form DEFA14A
- 3/29/24 - Form DEF
- PRTA's page on the SEC website