ProKidney Corp (OQ:PROK)

Business Focus: Biotechnology & Medical Research

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 2000 Frontis Plaza Blvd., Suite 250
WINSTON-SALEM NC 27103
Tel: N/A
Website: https://prokidney.com
IR: See website
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Key People
Bruce Culleton
Chief Executive Officer, Director
James Coulston
Chief Financial Officer
Ulrich Ernst
Executive Vice President - Technical Operations
Joseph Stavas
Senior Vice President, Head of Global Clinical Development and Interventional Procedures
Lucio Tozzi
Senior Vice President - Global Clinical Operations
Darin J. Weber
Chief Regulatory Officer, SVP - Global Regulatory, Quality Management & Commercial
Todd C. Girolamo
Chief Legal Officer
   
Business Overview
ProKidney Corp. is a clinical-stage biotechnology company. The Company is focused on cell therapy platforms capable of treating multiple chronic kidney diseases (CKD) using a patient's own cells isolated from the patient intended for treatment. The Company's lead product candidate, Renal Autologous Cell Therapy (REACT), is designed to preserve kidney function in a CKD patient's diseased kidneys. REACT is a product that includes autologous Selected Renal Cells (SRCs) prepared from a patient's own (autologous) kidney cells. The REACT injection is an investigational therapy that is a mixture of kidney cells prepared from the participant's own kidney tissue. Its patented technology includes multiple breakthroughs in the manufacturing and medical delivery of cellular therapy products. It is conducting a global Phase 3 development program and multiple Phase 2 clinical trials for REACT in subjects with moderate to severe diabetic kidney disease (DKD).
Financial Overview
For the three months ended 31 March 2024, ProKidney Corp revenues was not reported. Net loss decreased 2% to $9.5M. Lower net loss reflects Biotechnology & Medical Research segment loss decrease of 2% to $40.1M. Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.16.
Employees: 163 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $570.13M as of Mar 31, 2024
Annual revenue (TTM): $0.00M as of Mar 31, 2024
EBITDA (TTM): -$146.60M as of Mar 31, 2024
Net annual income (TTM): -$35.30M as of Mar 31, 2024
Free cash flow (TTM): -$132.89M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 231,646,783 as of May 10, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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