Protalix BioTherapeutics (PLX) is a clinical-stage biopharmaceutical company developing therapeutic proteins using its ProCellEx® system. Key products include Taliglucerase Alfa for Gaucher disease and Elfabrio® for Fabry disease, with strategic partnerships with Pfizer and Chiesi Farmaceutici S.p.A. The company's robust pipeline includes PRX-115 for severe gout and PRX-119 for NETs-related diseases. Protalix maintains strong financial resilience and operational stability despite regional security challenges.
Protalix BioTherapeutics to present phase I PRX-115 trial data at ACR Convergence 2024, showcasing prolonged plasma urate-lowering effect for uncontrolled gout treatment.
Pharmas focus on Phase II companies, with 40% of M&A deals completed in under six weeks. Capital markets remain uncertain, leading to more private companies with advanced assets. Deals are more competitive, with mid-caps and European players becoming active acquirers.