Strong Year-to-Date Revenue Growth
For the first nine months of 2025, total revenues were $46.436 million, representing a 24% increase compared to the same period last year.
Advancement of PRX-115 Clinical Trial
Preparation for the phase two clinical trial of PRX-115 is well underway, with the IND filed in October and plans to initiate the trial later this year.
Positive Net Income for Q3 2025
For the three months ended September 30, 2025, net income was approximately $2.4 million or 3¢ per share, basic and diluted.
Strong Cash Position
As of September 30, 2025, the company had $29.4 million in cash and cash equivalents and short-term bank deposits, sufficient for at least twelve months.