Core Viewpoint - Protalix BioTherapeutics reported strong financial results for Q1 2025, with significant revenue growth driven by increased sales, and is advancing its clinical pipeline, particularly focusing on the gout treatment candidate PRX-115 [2][7][14]. Financial Highlights - Revenues from selling goods reached $10.0 million for the three months ended March 31, 2025, an increase of $6.3 million, or 170%, compared to $3.7 million for the same period in 2024 [7]. - Revenues from license and R&D services were $0.1 million for both Q1 2025 and Q1 2024, primarily from agreements with Chiesi [7]. - Cost of goods sold was $8.2 million for Q1 2025, up $5.6 million, or 215%, from $2.6 million in Q1 2024 [7]. - Total research and development expenses were approximately $3.5 million for Q1 2025, a 21% increase from $2.9 million in Q1 2024 [8][13]. - The net loss for Q1 2025 was approximately $3.6 million, or $0.05 per share, compared to a net loss of $4.6 million, or $0.06 per share, for the same period in 2024 [13][20]. Clinical and Pipeline Developments - Protalix is preparing to initiate a phase II clinical trial for PRX-115, a treatment for uncontrolled gout, later in 2025, following promising results from a phase I trial completed in 2024 [2][6]. - The preliminary results of the phase I trial indicated that PRX-115 has the potential for effective uric acid-lowering treatment with a wide dosing interval [6]. - The company is also evaluating additional pipeline candidates, including PRX-119 and various early-stage clinical assets [2]. Partnerships and Collaborations - Protalix has partnered with Chiesi Global Rare Diseases for the global development and commercialization of its products, including Elfabrio® [4][15]. - The company has licensed worldwide development and commercialization rights for taliglucerase alfa to Pfizer Inc. for the treatment of Gaucher disease [14]. Market Presence - Protalix is recognized for its proprietary ProCellEx® plant cell-based protein expression system, which is a novel method for developing recombinant proteins at an industrial scale [14]. - The company has achieved FDA approval for its products, marking significant milestones in its commercialization efforts [14].