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Protara Therapeutics, Inc. (symbol: TARA) is a clinical-stage biopharmaceutical company specializing in identifying and advancing transformative therapies for individuals afflicted with rare and specialty diseases. Headquartered in New York, New York, the company’s mission is to discover, develop, and deliver breakthrough treatments for patients who have limited therapeutic options.
Protara’s leading program is TARA-002, an investigational cell therapy designed for the treatment of lymphatic malformations (LMs), a condition characterized by fluid-filled cysts. In a significant advancement for the company, TARA-002 has been granted the Rare Pediatric Disease designation by the U.S. Food and Drug Administration (FDA), spotlighting its potential impact on pediatric patients.
Another key asset in Protara’s pipeline is the development of intravenous (IV) choline chloride, a phospholipid substrate replacement therapy aimed at treating Intestinal Failure-Associated Liver Disease (IFALD). This investigational therapy underscores the company's commitment to addressing critical needs in the realm of pediatric and adult rare diseases.
The company's history dates back to its former identity as Artara Therapeutics, Inc. The name change to Protara Therapeutics, Inc. occurred in May 2020, reflecting a refreshed vision and strategic direction.
Protara’s forward-looking strategies are built upon solid research and development foundations, extensive clinical trial engagements, and meaningful partnerships. With recent financial updates, the company has ensured that its cash reserves, bolstered by anticipated net proceeds, can sustain its strategic plans into 2026. This financial planning provides a stable runway for Protara to continue its pioneering work and achieve significant milestones.
The company is actively involved in various clinical trials and regulatory interactions, aiming to bring its innovative therapies to market. Protara’s operational transparency and forward-looking statements indicate a robust business strategy focused on long-term growth and patient success.
For the latest updates on Protara Therapeutics, including performance, events, and developments, visit Protara Therapeutics or contact their offices directly at Justine O'Malley, Justine.OMalley@protaratx.com, 646-817-2836.
Protara Therapeutics (TARA) announced significant updates regarding its clinical programs and financial results for the year ending December 31, 2022. Key highlights include expected data from the Phase 1a ADVANCED-1 trial for TARA-002 in treating non-muscle invasive bladder cancer (NMIBC) in 2Q23, and the initiation of Phase 2 trial activities for TARA-002 in lymphatic malformations (LMs) in 2H23. As of December 31, 2022, the company reported cash and equivalents of $102.3 million, anticipated to fund operations through 2025. However, TARA reported a net loss of $39 million for Q4, partly due to a $29.5 million goodwill impairment charge.
Protara Therapeutics, Inc. (Nasdaq: TARA), a clinical-stage company focused on innovative therapies for cancer and rare diseases, announced its participation in two upcoming investor conferences. These include the Cowen 43rd Annual Health Care Conference on March 8, 2023, at 9:50 am ET in Boston, and the Oppenheimer 33rd Annual Healthcare Conference virtually on March 14, 2023, at 1:20 pm ET. Investors can access live webcasts of these events on the Company's website, with recordings available afterward. Protara's lead product, TARA-002, targets non-muscle invasive bladder cancer and lymphatic malformations.
Protara Therapeutics, Inc. (Nasdaq: TARA) announced participation in a fireside chat at the Guggenheim Healthcare Talks Oncology Day on February 9, 2023, at 11:20 am ET in New York. The event aims to discuss the company’s efforts in developing transformative therapies for cancer and rare diseases. Protara’s lead program, TARA-002, is an investigational therapy for non-muscle invasive bladder cancer and lymphatic malformations. The webcast will be available on the Company’s website and archived for a limited period.
Protara Therapeutics (Nasdaq: TARA) has appointed Patrick Fabbio as Chief Financial Officer effective January 30, 2023. Fabbio brings over 30 years of experience from roles at Rafael Holdings and other pharmaceutical companies. CEO Jesse Shefferman expressed confidence in Fabbio's financial expertise to advance Protara's lead candidate, TARA-002, aimed at treating non-muscle invasive bladder cancer and lymphatic malformations. Fabbio received an inducement grant of options to purchase 300,000 shares at the closing price on his start date, set to vest over four years, enhancing stakeholder interest in the company's future prospects.
Protara Therapeutics (Nasdaq: TARA) announced the presentation of a Trials in Progress poster at the Annual Meeting of the Society of Urologic Oncology from November 30 to December 2, 2022. The poster highlights the ADVANCED-1 Phase 1 trial for the investigational therapy TARA-002, targeting non-muscle invasive bladder cancer (NMIBC). With a focus on an underserved patient population, the study aims to evaluate TARA-002's safety and preliminary anti-tumor activity. The trial is crucial for establishing a recommended dose for future clinical phases.
Protara Therapeutics (TARA) reported third quarter 2022 results, highlighting ongoing dose escalation in the Phase 1 ADVANCED-1 study for TARA-002 targeting non-muscle invasive bladder cancer. The company received FDA feedback for a proposed Phase 2 study in lymphatic malformations, expected to start in 2023. Financially, Protara holds $107.1 million in cash, projected to fund operations into 2H2024. R&D expenses dropped to $3.5 million, while net loss decreased to $7.7 million, or $0.68 per share, compared to $10.8 million, or $0.96 per share, in 2021.
Protara Therapeutics (Nasdaq: TARA) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. A prerecorded presentation will be available on-demand starting September 12, 2022, at 7:00 a.m. ET. Interested parties can access the presentation via the Events and Presentations section of Protara's website. Protara is focused on developing transformative therapies for cancer and rare diseases, including TARA-002 for non-muscle invasive bladder cancer and IV Choline Chloride for intestinal failure-associated liver disease.
Protara Therapeutics (Nasdaq: TARA) reported significant progress in its Phase 1 ADVANCED-1 study of TARA-002 for non-muscle invasive bladder cancer. As of June 30, 2022, the company holds a robust cash position of $112.8 million, sufficient to fund operations into mid-2024. R&D expenses decreased to $3.1 million, while general and administrative expenses fell to $5.6 million, leading to a reduced net loss of $8.5 million or $0.80 per share. Protara is also advancing TARA-002's development for lymphatic malformations and continues its study on IV Choline Chloride for intestinal failure.
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