Prothena teams up with Celgene in neurodegenerative disorders; shares ahead 15% after hours [Seeking Alpha]
Prothena Corporation plc - Ordinary Shares (PRTA)
Last prothena corporation plc - ordinary shares earnings: 2/12 04:05 pm
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Source: Seeking Alpha
Prothena teams up with Celgene in neurodegenerative disorders; shares ahead 15% after hoursProthena (NASDAQ:PRTA) is up15% after hours on average volume in response to itsannouncement of a global collaboration with Celgene (CELG-0.3%) aimed at developing new therapies for neurodegenerative diseases.The partnership will focus on three proteins implicated in the pathogenesis of neurodegenerative disorders: tau, TDP-43 and an unnamed target. Celgene has the exclusive right to license the candidates in the U.S. at the IND stage and has the option to acquire global rights after Phase 1. If it elects to do so, it will be responsible for funding all further clinical development and commercialization.Under the terms of the agreement, Prothena will receive $100M upfront, a $50M equity investment (~1.2M shares at $42.57) by Celgene, potential exercise payments, milestones and royalties on net sales.Prothena will host a conference call at 5:00 pm ET to discuss the collaboration.See all stocks on
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News
- Prothena Announces Review on Birtamimab Mechanism of Action and Pharmacological Characteristics Published in Leukemia & Lymphoma [Yahoo! Finance]Yahoo! Finance
- Prothena Announces Review on Birtamimab Mechanism of Action and Pharmacological Characteristics Published in Leukemia & LymphomaBusiness Wire
- Prothena Co. plc (NASDAQ: PRTA) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald.MarketBeat
- Prothena Co. plc (NASDAQ: PRTA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $90.00 price target on the stock.MarketBeat
- Prothena to Participate in Upcoming Healthcare ConferencesBusiness Wire
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