Protalix Biotherapeutics, Inc. Reports Fiscal Year 2015 Financial Results And Provides Corporate Update
CARMIEL, Israel, March 08, 2016 (GLOBE NEWSWIRE) -- Protalix BioTherapeutics, Inc. (NYSE MKT:PLX) (TASE:PLX), today reported financial results for the 2015 fiscal year.
“A number of corporate and clinical milestones were achieved in 2015, and additional milestones are expected during 2016. Most significantly, we reported meaningful positive interim results for PRX-102 for the treatment of Fabry disease, and are now moving forward to secure a Special Protocol Assessment (SPA) with the U.S. Food and Drug Administration (FDA) ahead of initiating our phase III clinical trials,” said Moshe Manor, Protalix’s President and Chief Executive Officer. “Over the next couple of months, we anticipate commencing the Fabry trials in addition to two proof of concept trials; one for AIR DNaseTM in cystic fibrosis patients and another for oral antiTNF in ulcerative colitis patients. Given the sale of our rights to ElelysoTM to Pfizer Inc., we are now well capitalized to execute on our pipeline programs.”
“A number of corporate and clinical milestones were achieved in 2015, and additional milestones are expected during 2016. Most significantly, we reported meaningful positive interim results for PRX-102 for the treatment of Fabry disease, and are now moving forward to secure a Special Protocol Assessment (SPA) with the U.S. Food and Drug Administration (FDA) ahead of initiating our phase III clinical trials,” said Moshe Manor, Protalix’s President and Chief Executive Officer. “Over the next couple of months, we anticipate commencing the Fabry trials in addition to two proof of concept trials; one for AIR DNaseTM in cystic fibrosis patients and another for oral antiTNF in ulcerative colitis patients. Given the sale of our rights to ElelysoTM to Pfizer Inc., we are now well capitalized to execute on our pipeline programs.”