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Last $0.14 USD
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PRNAF On Other Exchanges
As of 8:10 PM 08/7/15 All times are local (Market data is delayed by at least 15 minutes).

prana biotechnology ltd (PRNAF) Snapshot

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prana biotechnology ltd (PRNAF) Details

Prana Biotechnology Limited develops therapies for the treatment of neurodegenerative diseases in Australia. The company focuses on the Alzheimer‘s and Huntington‘s diseases, as well as other age-related degeneration disorders. Its lead drug candidate is PBT2 for the treatment of Alzheimer’s and Huntington’s diseases. The company’s other development products that are in pre-clinical trials comprise PBT434 that is used for the treatment of Parkinson’s disease and other movement disorders; and PBT519, which is used to treat brain cancer. It also has a library of approximately 1000 metal protein attenuating compounds. The company was founded in 1997 and is based in Parkville, Australia.

Founded in 1997

prana biotechnology ltd (PRNAF) Top Compensated Officers

Co-Founder, Executive Chairman and Chief Exec...
Total Annual Compensation: A$521.7K
Chief Financial Officer
Total Annual Compensation: A$81.2K
Chief Operating Officer
Total Annual Compensation: A$326.3K
Company Secretary
Total Annual Compensation: A$100.0K
Compensation as of Fiscal Year 2015.

prana biotechnology ltd (PRNAF) Key Developments

Prana Biotechnology Limited Reports Consolidated Earnings Results for the Full Year Ended June 30, 2015

Prana Biotechnology Limited reported consolidated earnings results for the full year ended June 30, 2015. For the year, the company reported revenue from ordinary activities was $176,842 against $363,775 a year ago. Loss before income tax expense was $5,885,069 against $13,329,239 a year ago. Loss for the period was $5,885,069 or 1.17 cents diluted per share against $13,329,239 or 3.11 cents diluted per share a year ago. Net operating cash flows were $10,871,074 against $13,536,223 a year ago. Payments for purchases of plant and equipment were $28,757 against $23,048 a year ago.

Prana Biotechnology Limited Reports Consolidated Cash Flows for the Fourth Quarter and Year Ended June 30, 2015

Prana Biotechnology Limited reported consolidated cash flows for the fourth quarter and year ended June 30, 2015. For the quarter, the company’s net operating cash flows was AUD 1,938,000. Payment for acquisition of physical non-current assets was AUD 4,000. For the year, the company’s net operating cash flows used in was AUD 10,845,000. Payment for acquisition of physical non-current assets was AUD 30,000.

Prana Biotechnology Announces Safety Outcomes of Alzheimer's IMAGINE Extension Trial

Prana Biotechnology announced the safety outcomes of the IMAGINE Extension study in patients with Alzheimer's disease. A 250mg dose of PBT2 was safe and well tolerated over a 2 year period. The independent Data Safety Monitoring Board did not identify any safety concerns related to PBT2. The IMAGINE Extension Study allowed all 40 participants who completed the original 12 month IMAGINE trial to receive PBT2 for a further 12 months. In all, 33 out of the 40 eligible IMAGINE patients elected to continue onto the Extension study. It was an Open Label study, with all participants taking PBT2. A total of 27 patients completed the Extension Study. Clinical and scientific experts are reviewing the effects of PBT2 taken for 2 years. Whilst there is no placebo group to compare to within the Extension Study, the experts are very interested in better understanding how treatment with PBT2 would differ from the anticipated outcome without treatment. The safety data will form part of the package presented to the FDA as part of goal to remove the Partial Clinical Hold on PBT2 in the US. Prana will continue to work with the US Food and Drug Administration and other agencies to initiate a Phase 3 trial for PBT2 to treat Huntington disease. PBT2 for the treatment of Huntington disease was recently granted Orphan designation in Europe and was granted Orphan designation in the US in 2014.


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