Prothena said it is developing therapies for diseases linked to protein dysregulation, with focus areas including Parkinson’s disease, Alzheimer’s disease and transthyretin amyloidosis. The company highlighted partnered late-stage programs including prasinezumab in a Phase 3 Parkinson’s trial (PARAISO, NCT07174310) and coramitug in a Phase 3 ATTR cardiomyopathy trial (CLEOPATTRA, NCT07207811). Prothena also cited a partnered Phase 2 Alzheimer’s program, BMS-986446, with the TargetTau-1 study (NCT06268886). Prothena reported cash, cash equivalents and restricted cash of USD 308.4 million as of December 31, 2025, and outlined a share repurchase plan of up to USD 100 million for 2026. It also said it expects up to USD 105 million in clinical milestones by year-end 2026, including USD 50 million tied to coramitug Phase 3 enrollment and a potential USD 55 million milestone related to PRX019.
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