Prolor Biotech Falls to Three-Week Low as Quarterly Loss Widens

Prolor Biotech Inc. (PBTH) declined to the lowest level in almost three weeks after the developer of therapeutic proteins said its first-quarter loss widened.

The shares dropped 2.6 percent to 19.90 shekels at 10:42 a.m. in Tel Aviv, the lowest intraday level since April 16, giving the company a market value of 1.09 billion shekels ($287 million). The TA-25 index declined 1.5 percent today.

Prolor’s loss widened to $4.99 million from $3.46 million in the same period last year.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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