BUZZ-Protagonist Therapeutics rises on quarterly profit beat
ReutersFeb 21, 2025 2:54 PM
Drug developer Protagonist Therapeutics' PTGX.O shares rise 3.1% to $39.68
Company posts Q4 adj profit of $1.98 per share, beating analysts' estimates of 32 cents per share, according to data compiled by LSEG
The company got a $165 million milestone payment during Q4 2024 after it entered into a license and collaboration agreement with Johnson & Johnson JNJ.N for skin disease drug icotrokinra in November 2024
PGTX expects to release late-stage study results of blood cancer treatment rusfertide in collaboration with Takeda Pharmaceutical 4502.T in March 2025
In the last 12 months, PTGX has risen 41.4%
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