Protalix BioTherapeutics Inc (FRA:PBDA)
€ 2 +0.042 (+2.15%) Market Cap: 162.78 Mil Enterprise Value: 135.63 Mil PE Ratio: 10.17 PB Ratio: 2.64 GF Score: 56/100

Q4 2025 Protalix Biotherapeutics Inc Earnings Call Transcript

Mar 18, 2026 / 12:00 PM GMT
Release Date Price: €1.92 (-19.33%)

Key Points

Positve
  • The European Commission approved a new dosing regimen for EFrio, enhancing treatment options for Fabry disease patients in the EU.
  • Protalix BioTherapeutics Inc (PLX) received a EUR25 million milestone payment following the EU approval, boosting their financial position.
  • Projected cash balance of approximately $50 million by early April 2026, providing strong financial flexibility.
  • Expected revenue growth of over 50% in 2026, driven by increased patient numbers and milestone payments.
  • Advancement of PRX 115 in the pipeline, with phase 2 trials underway, indicating strong momentum in R&D.
Negative
  • Net loss of $6.6 million recorded for 2025, compared to a net income of $2.9 million in 2024, reflecting increased R&D investments.
  • R&D expenses increased by 51% year over year, indicating higher costs associated with advancing the clinical pipeline.
  • Cost of goods sold increased to $27 million, driven by higher sales volume and manufacturing issues at Pfizer.
  • Revenue from licensed and R&D services remains minimal, indicating limited diversification in revenue streams.
  • Uncertainty around the timing of US approval for the new dosing regimen, which could impact future sales growth.


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E D I T E D V E R S I O N

PLX.A - Protalix Biotherapeutics Inc
Q4 2025 Protalix Biotherapeutics Inc Earnings Call
Mar 18, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to Protalix Biotherapeutics Full Year 2025 financial results and business update conference call. As a reminder, this call is being recorded. I will now turn the conference over to Mike Moyer, managing director of Life Site Advisors and investor relations representative for Protalix.

Thank you. You may begin.

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Unidentified_2 [2]
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Thank you, operator, and welcome to the Protalix Biotherapeutics full year 2025 financial results and business update conference call. With me today are Door
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