Brief: Prothena announces corporate restructuring
18/06/2025 21:08
June 18 (Reuters) - Prothena Corporation PLC PRTA.O: PROTHENA ANNOUNCES CORPORATE RESTRUCTURING PROTHENA CORPORATION PLC - ANNOUNCES 63% WORKFORCE REDUCTION PROTHENA CORPORATION PLC - MAY RECEIVE UP TO $105 MILLION IN 2026 PROTHENA CORPORATION PLC - EXPECTS TO END 2025 WITH $298 MILLION IN CASH PROTHENA: EXPECTS DISCONTINUATION OF BIRTAMIMAB DEVELOPMENT WILL RESULT IN APPROXIMATE DECREASE OF $96 MILLION (MIDPOINT) IN ANNUALIZED NET CASH BURN Source text: ID:nBwbvgW0ra Further company coverage: PRTA.O ((Reuters.Briefs@thomsonreuters.com;))
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