Q1 2026 Protalix Biotherapeutics Inc Earnings Call Transcript

May 13, 2026 / 12:00 PM GMT

Release Date Price: €1.63 (-0.37%)

Transcript 10-Q8-K

Key Points

Positve

Protalix BioTherapeutics Inc (PLX) received a $25 million milestone payment following the European Commission's approval of El Fabrio's every four weeks dosing regimen.
The company ended the first quarter with $51 million in cash, providing a strong balance sheet and substantial financial flexibility.
Protalix BioTherapeutics Inc (PLX) reaffirmed its 2026 revenue guidance, expecting total revenue to range from $78 million to $83 million.
The company is actively enrolling for the PRX-115 Phase II release study, with top-line results expected in the second half of 2027.
Protalix BioTherapeutics Inc (PLX) operates a profitable commercial business, with net income for the quarter at $18.3 million, compared to a net loss in the prior year period.

Negative

Revenues from selling goods decreased to $7.4 million from $10 million in the first quarter of 2025, reflecting lower purchases by Pfizer.
R&D expenses increased to $5.4 million, up from $3.5 million in the prior year period, driven by the PRX-115 Phase 2 release study.
SG&A expenses rose to $3.1 million, reflecting modest growth year-over-year, largely due to personnel-related costs.
The company has not provided specific updates on the progress of enrollment for the PRX-115 Phase II release study.
Initial data or insights into the market uptake of El Fabrio's every four weeks dosing regimen are not yet available, with expectations of seeing results in the second half of the year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PLX.A - Protalix Biotherapeutics Inc
Q1 2026 Protalix Biotherapeutics Inc Earnings Call
May 13, 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 the Protalix Biotherapeutics First Quarter 2026 Financial and Business Results Conference Call. As a reminder, this conference is being recorded. I will now turn the conference over to our host, Mr. Mike Moyer of Lifesci Advisors, Investor Relations for Protalix. Thank you. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and welcome to the Protalix Biotherapeutics Q1 2026 Financial Results and Business Update Conference Call. With me today are Drur Bachand, President and CEO of

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