Significant Revenue Increase
Protalix experienced a 50% increase in revenues from selling goods in the first half of 2025 compared to the same period last year, driven primarily by sales of Elfabrio to Chiesi.
Elfabrio Market Potential
Elfabrio is positioned in a global market estimated at USD 2.3 billion in 2025, with expectations to reach USD 3.2 billion by 2030. Protalix anticipates royalties exceeding $100 million by 2030.
Operational Highlights
Protalix has a strong partnership with Chiesi, which has consistently increased its focus on Elfabrio with substantial investments in medical, regulatory, and commercialization programs.
PRX-115 Development Progress
Protalix plans to initiate a Phase II study for their gout product candidate, PRX-115, in the second half of 2025, with promising results from previous studies.
Financial Performance Improvement
The company recorded revenues of $15.4 million for Q2 2025, a 16% increase compared to Q2 2024, and reported a net income of approximately $164,000 compared to a net loss of $2.2 million in Q2 2024.