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Sep 30, 2021

Protagonist Q3 2021 Earnings Report

Reported financial results for the third quarter ended September 30, 2021 and provided a corporate update.

Key Takeaways

Protagonist Therapeutics reported progress in its clinical programs, including proof-of-concept data for rusfertide in hereditary hemochromatosis and the resumption of rusfertide clinical studies following the resolution of an FDA clinical hold. PN-235 is advancing into a Phase 2 study in psoriasis in early 2022.

Resumed Phase 2 study of rusfertide in polycythemia vera after FDA clinical hold removal.

Presented positive proof-of-concept data for rusfertide in hereditary hemochromatosis at The Liver Meeting®.

PN-235 is moving into a psoriasis indication, with Phase 2 study initiation planned for early 2022.

PN-943 Phase 2 study for ulcerative colitis is underway with data readout expected in Q2 2022.

Total Revenue
$10.3M
Previous year: $13.1M
-21.6%
EPS
-$0.7
Previous year: -$0.21
+233.3%
Gross Profit
$10.3M
Cash and Equivalents
$121M
Free Cash Flow
-$28.7M
Total Assets
$373M

Protagonist

Protagonist

Forward Guidance

Protagonist Therapeutics is advancing its clinical programs and anticipates key milestones in the near term.