Protalix BioTherapeutics(PLX)

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Protalix BioTherapeutics Reports Fiscal Year 2024 Financial and Business Results
Prnewswire· 2025-03-17 10:50
Core Insights - Protalix BioTherapeutics reported a record revenue of $53.0 million for the fiscal year 2024, marking a 31% increase from $40.4 million in 2023, driven by sales growth across all revenue streams [5][9] - The company successfully completed a First-in-Human study for its gout candidate PRX-115, with plans to initiate a Phase II clinical trial in the second half of 2025 [2][6] - Protalix has strengthened its balance sheet by fully repaying its debt and eliminating outstanding warrants, positioning itself for future growth [2][7] Financial Highlights - Total revenue for 2024 was $53.4 million, a decrease from $65.5 million in 2023, primarily due to a significant drop in revenues from license and R&D services, which fell to $0.4 million from $25.1 million [9][19] - Cost of goods sold increased by 6% to $24.3 million in 2024, compared to $23.0 million in 2023, attributed mainly to higher sales to Chiesi [9] - Research and development expenses decreased by 24% to approximately $13.0 million in 2024, down from $17.1 million in 2023, due to the completion of the Fabry clinical program [9][19] Clinical Developments - The European Medicines Agency validated a variation submission for pegunigalsidase alfa, allowing for a less frequent dosing regimen for Fabry disease patients [4] - Protalix's pipeline includes PRX-115 for uncontrolled gout and PRX-119 for NETs-related diseases, with ongoing evaluations for further development [2][14] Corporate Developments - The company repaid all outstanding principal and interest on its 7.50% Senior Secured Convertible Promissory Notes in September 2024, financed entirely with available cash [7] - Protalix's cash and cash equivalents stood at approximately $34.8 million as of December 31, 2024, with a net income of approximately $2.9 million for the year [9][19]
Pluxee announces the launch of its first commercial paper program (NEU CP) for up to 400 million euros
Globenewswire· 2025-03-12 16:48
Pluxee announces the launch of its first commercial paper program (NEU CP) for up to 400 million euros Issy-les-Moulineaux, March 12, 2025 // Pluxee (the “Group”) announces the launch of its first program for the issuance of Negotiable European Commercial Paper (NEU CP) with a limit of up to 400 million euros. Pluxee will benefit from a flexible and cost-effective short-term funding solution while expanding the available options to support its financial strategy. This program, primarily denominated in euros ...
Pluxee Declaration of transactions in own shares n 2025/03
Globenewswire· 2025-03-03 16:47
Regulated information Paris, March 3, 2025 DECLARATION OF TRANSACTIONS IN OWN SHARES N° 2025/03 Period of: From February 24 to February 28, 2025 Issuer: Pluxee N.V. Class of Securities: Ordinary shares (ISIN NL0015001W49) Aggregate presentation by day and by market Issuer CodeTransaction dateISIN CodeDaily total volume (in number of shares)Daily weighted average price of shares acquiredPlatform213800RQNIQT48SEEO8524-Feb-25NL0015001W4919 08021,9240XPAR213800RQNIQT48SEEO8524-Feb-25NL0015001W49<td style="bord ...
Declaration of transactions in own shares n 2025/02
Globenewswire· 2025-02-24 17:36
Company Overview - Pluxee is a global player in Employee Benefits and Engagement, operating in 29 countries [2] - The company offers a broad range of solutions across Meal & Food, Well-being, Lifestyle, Reward & Recognition, and Public Benefits [2] - Pluxee has over 5,400 engaged team members and serves more than 500,000 clients, 37 million+ consumers, and 1.7 million+ merchants [2] - The company has been conducting business for more than 45 years and is committed to creating a positive impact on local communities and supporting employee well-being [2] Share Transactions - From February 17 to February 21, 2025, Pluxee conducted multiple transactions in its own shares [1] - On February 17, 2025, the total volume of shares acquired was 36,930 across three platforms, with average prices ranging from €23.0452 to €23.3239 [1] - On February 18, 2025, the total volume was 37,436 shares, with average prices between €22.7215 and €22.8028 [1] - On February 19, 2025, the total volume was 40,403 shares, with average prices from €22.1382 to €22.1716 [1] - On February 20, 2025, the total volume was 40,195 shares, with average prices between €21.8400 and €21.8466 [1] - On February 21, 2025, the total volume was 42,000 shares, with average prices ranging from €21.8966 to €21.9388 [1]
Protalix Biotherapeutics poised for profitability as rare disease drug gains momentum
Proactiveinvestors NA· 2025-02-24 16:36
Core Viewpoint - Protalix Biotherapeutics Inc is gaining attention for its focus on rare diseases and innovative treatments, with analysts suggesting it is on the verge of sustainable profitability [1][10]. Revenue Growth - The company's flagship drug, Elfabrio, is driving revenue growth, particularly as a treatment for Fabry disease, a rare genetic disorder [2][3]. - Elfabrio is gaining traction globally through commercialization partner Chiesi Global Rare Diseases, with analysts projecting sustainable profitability primarily from Elfabrio's royalty stream [3][10]. Competitive Advantages - Elfabrio offers competitive advantages over existing treatments, including a longer presence in the bloodstream and reduced immune response [4]. Established Treatments - Protalix also has a significant presence in treating Gaucher disease with its drug Elelyso, which maintains a 25% market share in Brazil [5]. Unique Production Platform - The company's proprietary ProCellEx platform allows for the production of biologic drugs using plant cells, offering a simplified manufacturing process and natural viral resistance [6][7]. Pipeline Expansion - Protalix is advancing PRX-115, a drug designed to treat uncontrolled gout, with promising Phase 1 results and a Phase 2 trial expected in the second half of 2025 [8][10]. Financial Position - The company has improved its financial position by eliminating $65 million in debt over the last five years and holding over $27 million in cash as of September 30, 2024 [9][10]. Future Growth Potential - Analysts believe Protalix's revenue streams and drug pipeline position it for substantial upside, with potential exponential increases in value if PRX-115's Phase 2 results are favorable [10][11]. Research and Development - Protalix is exploring early-stage research into rare renal diseases and additional lysosomal disorders, targeting therapies that address unmet medical needs [11][12]. Market Position - Protalix has demonstrated its ability to develop and commercialize treatments for rare diseases, a notable achievement for small-cap biotech firms [13][14].
Declaration of transactions in own shares n°2025/01
Globenewswire· 2025-02-17 17:12
Group 1 - Pluxee N.V. disclosed transactions on treasury shares from February 11 to February 14, 2025, detailing daily volumes and average prices [1] - The total number of shares acquired on February 11 was 21,549 shares at an average price of €22.55 [1] - On February 12, a total of 33,925 shares were acquired at an average price of €22.41 [1] - The transactions on February 13 totaled 33,140 shares at an average price of €22.60 [1] - On February 14, 35,660 shares were acquired at an average price of €22.77 [1] Group 2 - Pluxee operates in 29 countries, focusing on Employee Benefits and Engagement, with a client base of over 500,000 and more than 37 million consumers [2] - The company has been in business for over 45 years and employs more than 5,400 team members [2] - Pluxee's solutions include Meal & Food, Well-being, Lifestyle, Reward & Recognition, and Public Benefits, aimed at attracting and retaining talent [2]
Pluxee announces launch of share buy-back program to support its performance share allocation plan
Globenewswire· 2025-02-10 17:08
Core Viewpoint - Pluxee has announced a share buy-back program of up to 15 million euros to support its performance share allocation plan, effective from February 11, 2025, until May 30, 2025 [1][2]. Group 1: Share Buy-Back Program - The share buy-back program will be executed in compliance with the authorization from the General meeting of shareholders and relevant market regulations [1][2]. - The shares repurchased will be held as treasury stock solely to fulfill the company's obligations under its performance share plan [2]. Group 2: Company Overview - Pluxee operates globally in the Employee Benefits and Engagement sector across 29 countries, providing solutions in Meal & Food, Well-being, Lifestyle, Reward & Recognition, and Public Benefits [3]. - The company has over 5,400 engaged team members and serves more than 500,000 clients, 37 million consumers, and 1.7 million merchants [3]. - With over 45 years of experience, Pluxee is dedicated to positively impacting local communities and promoting employee well-being while also focusing on environmental protection [3].
Protalix Biotherapeutics gains momentum in the rare disease space: analysts
Proactiveinvestors NA· 2025-02-04 20:01
Group 1 - Proactive specializes in providing fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive has a strong emphasis on technology adoption, utilizing both human expertise and technological tools to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Protalix BioTherapeutics to Participate in the 2025 BIO CEO & Investor Conference
Prnewswire· 2025-02-04 11:50
Company Overview - Protalix BioTherapeutics, Inc. is a biopharmaceutical company focused on the development, production, and commercialization of recombinant therapeutic proteins using its proprietary ProCellEx® plant cell-based protein expression system [4] - The company is notable for being the first to receive FDA approval for a protein produced through a plant cell-based suspension expression system [4] - Protalix has licensed worldwide development and commercialization rights for taliglucerase alfa, its first product, to Pfizer Inc., while retaining full rights in Brazil [4] Recent Developments - Protalix will present at the 2025 BIO CEO & Investor Conference on February 11, 2025, at 10:15 AM EST [1][2] - The company’s second product, Elfabrio®, received approval from both the FDA and the European Medicines Agency in May 2023 [4] - Protalix has partnered with Chiesi Farmaceutici S.p.A. for the global development and commercialization of Elfabrio [5] Product Pipeline - Protalix's development pipeline includes proprietary versions of recombinant therapeutic proteins targeting established pharmaceutical markets, such as: - PRX–115: a plant cell-expressed recombinant PEGylated uricase for uncontrolled gout [5] - PRX–119: a plant cell-expressed long-action DNase I for NETs-related diseases [5]
Half-year report on the liquidity contract as of December 31, 2024
Globenewswire· 2025-01-09 07:45
Company Overview - Pluxee is a global leader in Employee Benefits and Engagement, operating in 29 countries with a focus on Meal & Food, Wellbeing, Lifestyle, Reward & Recognition, and Public Benefits [2] - The company serves over 500,000 clients, 37 million+ consumers, and 1.7 million+ merchants, supported by more than 5,000 team members and advanced technology [2] - Pluxee has been in business for over 45 years, emphasizing positive community impact, employee wellbeing, and environmental sustainability [2] Liquidity Contract Summary - As of December 31, 2024, the liquidity account held 200,439 Pluxee N.V. ordinary shares valued at €5,878,911 [4] - During the period from July 1, 2024, to December 31, 2024, the company purchased 972,323 ordinary shares worth €19,626,472 across 6,377 transactions and disposed of 848,300 ordinary shares worth €17,195,841 across 5,661 transactions [4] - In the previous half-yearly report as of June 30, 2024, the liquidity account held 59,130 Pluxee N.V. ordinary shares valued at €8,621,644 [4] - From January 31, 2024, to June 30, 2024, the company purchased 723,308 ordinary shares worth €19,930,588 across 5,132 transactions and disposed of 719,315 ordinary shares worth €19,933,554 across 4,627 transactions [4] - The liquidity account started with €10,000,000 as of January 31, 2024 [4]