PROTALIX BIOTHERAPEUTICS, INC. (PLX): Protalix Bio +9% on capital raise Mar...

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PROTALIX BIOTHERAPEUTICS, INC. (PLX)

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Thursday, 03/12/2020 9:37:41 AM

Thursday, March 12, 2020 9:37:41 AM

Protalix Bio +9% on capital raise

Mar. 12, 2020 9:33 AM ET|About: Protalix BioTherapeutics, ... (PLX)|By: Mamta Mayani, SA News Editor
Protalix BioTherapeutics (PLX) Q4 results:

Revenues: $54.7M (+59.9%).

Net loss: ($18.3M) (+30.9%); loss/share: ($1.23) (+31.7%).

Also, the company has agreed to issue and sell ~17.6M unregistered common shares at $2.485, for gross proceeds of ~$43.7M in a private placement.

Net proceeds from the financing will be used to advance clinical programs for the treatment of Fabry disease and for general corporate purposes.

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