BUZZ-Protagonist Therapeutics rises on quarterly profit beat

Reuters

02-21

BUZZ-Protagonist <a href="https://laohu8.com/S/LENZ">Therapeutics</a> rises on quarterly profit beat

** Drug developer Protagonist Therapeutics' PTGX.O shares rise 3.1% to $39.68

** Company posts Q4 adj profit of $1.98 per share, beating analysts' estimates of 32 cents per share, according to data compiled by LSEG

** The company got a $165 million milestone payment during Q4 2024 after it entered into a license and collaboration agreement with Johnson & Johnson JNJ.N for skin disease drug icotrokinra in November 2024

** PGTX expects to release late-stage study results of blood cancer treatment rusfertide in collaboration with Takeda Pharmaceutical 4502.T in March 2025

** In the last 12 months, PTGX has risen 41.4%

(Reporting by Siddhi Mahatole)

((Siddhiprabhanjan.mahatole@thomsonreuters.com))

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