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Protara Therapeutics, Inc. develops clinical-stage biotechnology programs for cancer and rare diseases. Company news centers on TARA-002, an investigational cell-based therapy being studied for non-muscle invasive bladder cancer and lymphatic malformations, including updates from the ADVANCED-2 trial in BCG-Unresponsive and BCG-Naïve NMIBC patient groups.
Recurring updates also cover IV Choline Chloride, an investigational phospholipid substrate replacement therapy for patients receiving long-term parenteral support. Other company announcements include clinical-conference presentations, FDA designation updates, financial results, equity compensation grants under Nasdaq rules, and capital-raising activity tied to Protara's development-stage pipeline.
Protara Therapeutics (Nasdaq: TARA) announced dosing has begun in the Phase 1 ADVANCED-1 study of TARA-002 for non-muscle invasive bladder cancer (NMIBC). The company reported cash and investments of $119 million as of March 31, 2022, allowing funding through mid-2024. The Phase 2 trial for TARA-002 in lymphatic malformations is also planned following guidance from the FDA. Financially, R&D expenses decreased to $5.3 million from $7.0 million year-over-year, while the net loss narrowed to $10.8 million, or $0.96 per share.
Protara Therapeutics (Nasdaq: TARA) announced the dosing of the first patient in its Phase 1 clinical trial, ADVANCED-1, investigating TARA-002 for non-muscle invasive bladder cancer (NMIBC). This trial targets treatment-naïve and experienced patients with high-grade tumors. The primary goal is to evaluate TARA-002's safety and anti-tumor activity, setting the stage for a potential Phase 2 study. NMIBC accounts for 80% of bladder cancer cases, with a pressing need for effective treatment options.
Protara Therapeutics (TARA) has commenced a Phase 1 clinical trial of TARA-002 for non-muscle invasive bladder cancer (NMIBC), following FDA IND clearance in October 2021. The company reported a strong cash position of $130.7M as of December 31, 2021, expected to fund operations into mid-2024. Research and development expenses rose to $21.1M for 2021, up from $12.0M the previous year. Protara registered a net loss of $10.2M in Q4 2021, compared to $8.8M in Q4 2020, with total net losses of $47.3M for 2021.
Protara Therapeutics, Inc. (Nasdaq: TARA) announced participation in two virtual fireside chats at upcoming healthcare conferences. The Cowen 42nd Annual Health Care Conference is scheduled for March 9, 2022, at 9:10 am ET, followed by the Oppenheimer 32nd Annual Healthcare Conference on March 15, 2022, at 2:00 pm ET. Interested parties can access the live webcasts on Protara's website, where they will remain archived for 90 days. Protara focuses on innovative therapies for cancer and rare diseases, including its lead program TARA-002.
Protara Therapeutics, Inc. (Nasdaq: TARA) announced its participation in a virtual fireside chat at the Guggenheim Healthcare Talks 2022 Oncology Conference on February 9, 2022, at 4:00 PM ET. Interested parties can access the live webcast through the Events and Presentations section of the Company’s website, which will remain archived for 90 days post-event. Protara focuses on developing transformative therapies for cancer and rare diseases, including its lead program, TARA-002, aimed at treating non-muscle invasive bladder cancer and lymphatic malformations.
Protara Therapeutics (Nasdaq: TARA) has appointed Dr. Jathin Bandari as Chief Medical Officer. He previously served as the Vice President of Clinical Development and was Interim CMO. Dr. Bandari, a urologic oncologist with extensive experience, will lead the development of TARA-002, a therapy for non-muscle invasive bladder cancer. Under his leadership, Protara aims to advance its oncology portfolio and explore new applications for TARA-002. Dr. Bandari is a respected figure in oncology with a significant number of publications and contributions to the field.
Protara Therapeutics, Inc. (Nasdaq: TARA) will present at the H.C. Wainwright BioConnect Virtual Conference from January 10-13, 2022. The presentation will be available on January 10 at 7:00 am ET through the Company's website. Protara focuses on developing therapies for cancer and rare diseases, featuring its lead program TARA-002 for non-muscle invasive bladder cancer and lymphatic malformations. Additionally, IV Choline Chloride targets intestinal failure-associated liver disease. The presentation will be archived for 90 days on their website.
Protara Therapeutics (TARA) announced significant advancements in its TARA-002 program, achieving FDA clearance for its IND application targeting non-muscle invasive bladder cancer (NMIBC). The company plans to initiate a Phase 1 clinical trial by year-end 2021. As of September 30, 2021, Protara reported strong cash reserves of $138.4 million, despite increasing R&D and administrative expenses leading to a net loss of $10.8 million for the quarter. The company also aims to engage the FDA for a trial design in lymphatic malformations.
Protara Therapeutics (Nasdaq: TARA) announced the grant of inducement stock options for 44,000 shares to Mary Grendell, the new General Counsel. Each option has an exercise price of $6.81, equal to the closing price on October 25, 2021. The options will vest over four years, with 25% vesting after one year and the remainder monthly over 36 months, contingent on Ms. Grendell's continued employment. The awards were approved by the Compensation Committee following Nasdaq Listing Rule 5635(c)(4).
Protara Therapeutics (Nasdaq: TARA) has received FDA clearance for its Investigational New Drug (IND) application for TARA-002, a cell-based therapy targeting non-muscle invasive bladder cancer (NMIBC). The company plans to initiate a Phase 1 study by the end of 2021 to evaluate TARA-002's safety, tolerability, and preliminary anti-tumor activity. TARA-002 is derived from the same master cell bank as OK-432, which is already approved for oncologic use in Japan and Taiwan. There is a pressing need for new NMIBC treatments due to rising recurrence rates among patients.