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TARA-002 Demonstrates 68% Complete Response Rate at Six Months in BCG-Unresponsive Non-Muscle Invasive Bladder Cancer

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Protara Therapeutics (Nasdaq: TARA) reported interim Phase 2 ADVANCED-2 results for intravesical TARA-002 in high-risk NMIBC cohorts as of Jan 28, 2026.

Key highlights: BCG-Unresponsive cohort six-month CR 68.2% (15/22) and any-time CR 65.7% (23/35); BCG-Naïve any-time CR 72.4% (21/29). No Grade 3+ treatment-related adverse events; enrollment for the BCG-Unresponsive registrational cohort expected to complete in 2H 2026.

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Positive

  • BCG-Unresponsive CR 68.2% at six months (15 of 22 evaluable)
  • BCG-Naïve any-time CR 72.4% (21 of 29 evaluable)
  • No Grade 3+ TRAEs and no related serious adverse events reported
  • Enrollment target for BCG-Unresponsive registrational cohort expected to complete in 2H 2026

Negative

  • 12-month CR fell to 33.3% in the BCG-Unresponsive cohort (5 of 15 evaluable)
  • Small evaluable sample sizes (e.g., 22 at six months, 15 at 12 months) limit precision of rates

Key Figures

BCG-unresponsive CR at 6 months: 68.2% (15 of 22) BCG-unresponsive CR at any time: 65.7% (23 of 35) BCG-naïve CR at 6 months: 66.7% (18 of 27) +5 more
8 metrics
BCG-unresponsive CR at 6 months 68.2% (15 of 22) Phase 2 ADVANCED-2, BCG-unresponsive cohort, six-month evaluable patients
BCG-unresponsive CR at any time 65.7% (23 of 35) Phase 2 ADVANCED-2, BCG-unresponsive cohort, any-time CR
BCG-naïve CR at 6 months 66.7% (18 of 27) Phase 2 ADVANCED-2, BCG-naïve cohort, six-month evaluable patients
BCG-naïve CR at any time 72.4% (21 of 29) Phase 2 ADVANCED-2, BCG-naïve cohort, any-time CR
KM 6-month CR maintenance (BCG-unresponsive) 71.1% (95% CI: 46.7, 95.5) Kaplan-Meier estimate among responders, BCG-unresponsive cohort
KM 6-month CR maintenance (BCG-naïve) 73.1% (95% CI: 52.9, 93.4) Kaplan-Meier estimate among responders, BCG-naïve cohort
Re-induced CR conversion (BCG-unresponsive) 61.5% (8 of 13) Re-induced patients achieving CR at six months
Re-induced CR conversion (BCG-naïve) 66.7% (4 of 6) Re-induced patients achieving CR at six months

Market Reality Check

Price: $7.43 Vol: Volume 1,558,309 vs 20-da...
high vol
$7.43 Last Close
Volume Volume 1,558,309 vs 20-day average 817,094 (relative volume 1.91), indicating elevated trading activity ahead of/into this update. high
Technical Shares at $7.43 are trading above the 200-day MA of $4.47, and sit 4.99% below the 52-week high of $7.82.

Peers on Argus

TARA was down 4.34% while momentum-screen peers like IKT, CRBP, and KALA showed ...
3 Up

TARA was down 4.34% while momentum-screen peers like IKT, CRBP, and KALA showed upside moves. Broader biotech peers in the affinity list were mixed, suggesting today’s action was driven more by TARA-specific factors than a uniform sector move.

Historical Context

5 past events · Latest: Feb 19 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 19 Investor conferences Neutral +0.1% Announcement of upcoming presentations at two late-Feb and early-March conferences.
Feb 02 Inducement grants Neutral -0.6% Equity inducement awards to a new hire under Nasdaq Listing Rule 5635(c)(4).
Jan 22 Clinical data preview Neutral +2.4% Planned presentation of ADVANCED-2 TARA-002 interim data at ASCO GU Symposium.
Jan 12 Corporate milestones Neutral -8.9% Update on 2026 milestones, FDA designations, and completion of an ~$86M offering.
Jan 07 JPM conference Neutral +11.1% Participation announcement for the 44th Annual J.P. Morgan Healthcare Conference.
Pattern Detected

Recent news flow has been a mix of clinical, financing, and conference updates with generally modest single-digit price reactions, suggesting no consistent pattern of strong follow-through to headlines.

Recent Company History

Over the past few months, Protara has focused on visibility and pipeline progress. In Jan 2026 it highlighted 2026 milestones, including FDA Breakthrough and Fast Track designations for TARA-002 and an ~$86 million public offering expected to extend cash into 2028. Subsequent announcements covered conference participation and interim ADVANCED-2 trial data timing. Today’s detailed Phase 2 efficacy and safety update builds directly on the Jan 22, 2026 notice of upcoming ADVANCED-2 data at ASCO GU.

Market Pulse Summary

This announcement details updated Phase 2 ADVANCED-2 data for TARA-002, showing high complete respon...
Analysis

This announcement details updated Phase 2 ADVANCED-2 data for TARA-002, showing high complete response rates across both BCG-unresponsive and BCG-naïve high-risk NMIBC cohorts, with no Grade 3 or higher treatment-related adverse events. The trial remains ongoing, with key enrollment milestones targeted for the second half of 2026. Investors may track future data readouts, durability of response beyond twelve months, and progress into the planned ADVANCED-3 registrational study.

Key Terms

non-muscle invasive bladder cancer, carcinoma in situ, intravesical, kaplan-meier, +3 more
7 terms
non-muscle invasive bladder cancer medical
"patients with high-risk Non-Muscle Invasive Bladder Cancer (NMIBC) with carcinoma in situ"
A form of bladder cancer that is confined to the inner lining of the bladder and has not grown into the deeper muscle layer; think of it like a stain on wallpaper rather than damage to the wall’s studs. It matters to investors because it has different treatment, monitoring and recurrence patterns than deeper cancers, driving demand for repeated outpatient procedures, local therapies and diagnostic tests that affect revenue, trial design and pricing dynamics in healthcare markets.
carcinoma in situ medical
"Non-Muscle Invasive Bladder Cancer (NMIBC) with carcinoma in situ or CIS (± Ta/T1)"
Carcinoma in situ is an early-stage abnormal growth where cells look cancerous but remain confined to the tissue surface and have not invaded deeper layers or spread to other parts of the body; think of it like graffiti on a wall that hasn’t cracked the plaster beneath. For investors, it matters because treatments, regulatory pathways, clinical trial outcomes and long-term costs differ greatly between contained lesions and invasive cancer, influencing market value, approval odds and liability for healthcare companies.
intravesical medical
"Phase 2 open-label ADVANCED-2 trial assessing intravesical TARA-002"
Intravesical describes a medical treatment or procedure where a drug or therapy is placed directly into the bladder through a catheter rather than taken by mouth or injected into the bloodstream. For investors, it signals a focused delivery method that can increase local effectiveness and reduce whole‑body side effects, often affecting a product’s clinical value, patient convenience, regulatory path, and market niche — like watering a plant at its roots instead of spraying its leaves.
kaplan-meier medical
"The Kaplan-Meier (KM) estimated probability of maintaining a CR for six months"
A Kaplan-Meier estimate is a statistical curve that shows how long it takes for a particular event—such as recovery, relapse, or death—to occur in a group over time, with the curve stepping down as events happen. Investors use these curves to assess the duration and timing of a treatment's or risk's effects—like watching how many light bulbs remain working week by week—because the timing and likelihood of outcomes influence clinical decisions, regulatory approval, and revenue prospects.
complete response medical
"TARA-002 Demonstrates 68% Complete Response Rate at Six Months"
A complete response is a positive outcome in which a company’s efforts to address issues or questions fully resolve the problem, often meaning that no further action or investigation is needed. For investors, it signals that concerns have been thoroughly addressed, which can boost confidence in the company's stability or decision-making. Think of it like a doctor fully treating an illness, leaving no remaining symptoms.
adverse events medical
"no Grade 3 or greater treatment-related adverse events as assessed by study investigators"
Adverse events are any harmful or unwanted medical occurrences experienced by people using a drug, device, or undergoing a treatment, whether or not the problem is caused by the product. Think of them as complaints or breakdowns noticed during a trial or after a product is on the market; regulators record and investigate them. Investors care because clusters or serious adverse events can delay approvals, trigger costly studies or recalls, change labeling, and quickly alter a company’s revenue and risk profile.
cell-based therapy medical
"the Company’s investigational cell-based therapy, in patients with high-risk"
Cell-based therapy uses living cells as the active treatment, delivering them into a patient to replace, repair or instruct damaged tissue or immune responses—think of sending a living repair crew into the body. For investors this matters because these therapies can offer high-value, potentially long-lasting medicines but also come with unique risks and costs tied to complex manufacturing, strict regulation, clinical trial success, and scalability.

AI-generated analysis. Not financial advice.

Favorable safety and tolerability profile with no Grade 3 or greater treatment-related adverse events

Company expects to complete enrollment of the BCG-Unresponsive cohort of the ADVANCED-2 trial in 2H 2026

Company to host conference call and webcast tomorrow at 8:00 a.m. ET

NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Protara Therapeutics, Inc. (Nasdaq: TARA), a clinical-stage company developing transformative therapies for the treatment of cancer and rare diseases, today announced updated interim results from its ongoing Phase 2 open-label ADVANCED-2 trial assessing intravesical TARA-002, the Company’s investigational cell-based therapy, in patients with high-risk Non-Muscle Invasive Bladder Cancer (NMIBC) with carcinoma in situ or CIS (± Ta/T1) who are Bacillus Calmette-Guérin (BCG)-Unresponsive or BCG-Naïve. These results will be featured on Friday, February 27, 2026 during poster sessions at the American Society of Clinical Oncology Genitourinary Cancers Symposium in San Francisco.

“These interim data are highly encouraging with respect to TARA-002’s efficacy and safety,” said Raj Satkunasivam, MD, MS, FRCSC, Urologic Oncologist, Associate Professor at Houston Methodist Hospital and ADVANCED-2 study investigator. “The results in the BCG-Unresponsive cohort demonstrate compelling six-month response rates with maturing 12-month data showing promising signals of durability. These clinically meaningful response rates and favorable tolerability profile make TARA-002 a potentially promising treatment option.”

“TARA-002 continues to demonstrate impressive and durable response rates with excellent safety and tolerability,” said Neal Shore, MD, FACS, Medical Director of the START Carolinas/Carolina Urologic Research Center. “These results, coupled with a clean safety profile and a simple, streamlined administration for both physicians and patients, make TARA-002 a potentially innovative new therapy for urologists, particularly those in busy community practices.”

Updated Interim Results

BCG-Unresponsive Cohort

The interim analysis of the BCG-Unresponsive cohort includes 35 evaluable participants, of whom, 22 were evaluable at six months and 15 were evaluable at 12 months as of a January 28, 2026 data cutoff.

  • The CR rate at any time was 65.7% (23 of 35)
  • The CR rate was 68.2% (15 of 22) at six months and 33.3% (5 of 15) at 12 months
  • Among responders:
    • The Kaplan-Meier (KM) estimated probability of maintaining a CR for six months was 71.1% (95% CI: 46.7, 95.5)
    • 100% (5 of 5) maintained their CR from nine to 12 months
  • 61.5% (8 of 13) of re-induced patients converted to a CR at six months

BCG-Naïve Cohort

The interim analysis of the BCG-Naïve cohort includes 29 evaluable participants, 27 of whom, were evaluable at six months and 19 were evaluable at 12 months as of a January 28, 2026 data cutoff.

  • The CR rate at any time was 72.4% (21 of 29)
  • The CR rate was 66.7% (18 of 27) at six months and 57.9% (11 of 19) at 12 months
  • Among responders:
    • The KM estimated probability of maintaining a CR for six months was 73.1% (95% CI: 52.9, 93.4)
    • 100% (11 of 11) maintained their CR from nine to 12 months
  • 66.7% (4 of 6) of re-induced patients converted to a CR at six months

Safety and Tolerability

The majority of treatment-related adverse events (TRAEs) were Grade 1 and transient with no Grade 3 or greater TRAEs and no related serious adverse events as assessed by study investigators. No patients discontinued treatment due to TRAEs. The most common TRAEs were dysuria, bladder spasm, fatigue and micturition urgency. Most bladder irritations resolved shortly after administration or within a few hours to a few days.

“The data generated to date in these high-risk NMIBC patient populations highlight TARA-002’s potential as a meaningful addition to the treatment landscape,” said Jesse Shefferman, Chief Executive Officer of Protara Therapeutics. “In addition to demonstrating impressive efficacy and safety, TARA-002 overcomes the limitations of existing NMIBC treatments that burden patients as well as urologists and their practices. We look forward to continuing to advance TARA-002’s clinical development as we work to bring this treatment to patients.”

Next Steps

Protara expects to complete enrollment of the BCG-Unresponsive registrational cohort of the ADVANCED-2 trial in the second half of 2026. Enrollment is complete in the BCG-Naïve cohort of the ADVANCED-2 trial with 31 patients, and the Company remains on track to initiate the ADVANCED-3 registrational trial in BCG-Naïve patients in the second half of 2026.

Conference Call and Webcast

Protara will host a conference call and webcast tomorrow at 8:00 a.m. ET to review the data reported this evening. Neal Shore, MD, FACS, Medical Director of the Carolina Urologic Research Center will join management for the discussion. The live event and accompanying slides can be accessed by visiting https://protara-therapeutics-asco-gu-update-call.open-exchange.net/, or via the Events and Presentations section of the Company’s website: https://ir.protaratx.com. A replay of the webcast will be archived for a limited time following the event.

About ADVANCED-2

ADVANCED-2 (NCT05951179) is a Phase 2 open-label trial assessing intravesical TARA-002 in NMIBC patients with carcinoma in situ or CIS (± Ta/T1) who are Bacillus Calmette-Guérin (BCG)-Unresponsive (Cohort B N=75-100) or BCG-Naïve (Cohort A N=31). Trial subjects receive an induction course, with or without a reinduction, of six weekly intravesical instillations of TARA-002, followed by a maintenance course of three weekly instillations every three months.

About TARA-002

TARA-002 is an investigational cell therapy in development for the treatment of NMIBC and of LMs, for which it has been granted Rare Pediatric Disease, Breakthrough and Fast Track Designations by the U.S. Food and Drug Administration. TARA-002 is a first-in-class TLR2/NOD2 agonist and novel immunopotentiator derived from inactivated Streptococcus pyogenes with a mechanism of action that includes the activation of innate and adaptive immune pathways. When TARA-002 is administered, it is hypothesized that innate and adaptive immune cells within the cyst or tumor are activated and produce a pro-inflammatory response with release of cytokines such as tumor necrosis factor (TNF)-alpha, interferon (IFN)-gamma, IL-6, IL-10 and IL-12. TARA-002 also directly kills tumor cells and triggers a host immune response by inducing immunogenic cell death, which further enhances the antitumor immune response.

TARA-002 was developed from the same master cell bank of genetically distinct group A Streptococcus pyogenes as OK-432, a broad immunopotentiator marketed as Picibanil® in Japan by Chugai Pharmaceutical Co., Ltd. Protara has successfully shown manufacturing comparability between TARA-002 and OK-432.

About Non-Muscle Invasive Bladder Cancer (NMIBC)

Bladder cancer is the sixth most common cancer in the United States, with NMIBC representing approximately 80% of bladder cancer diagnoses, representing approximately 65,000 patients in the U.S. each year. NMIBC is cancer found in the tissue that lines the inner surface of the bladder that has not spread into the bladder muscle.

About Protara Therapeutics, Inc.

Protara is a clinical-stage biotechnology company committed to advancing transformative therapies for people with cancer and rare diseases. Protara’s portfolio includes its lead candidate, TARA-002, an investigational cell-based therapy in development for the treatment of non-muscle invasive bladder cancer (NMIBC) and lymphatic malformations (LMs). The Company is evaluating TARA-002 in an ongoing Phase 2 trial in NMIBC patients with carcinoma in situ (CIS) who are unresponsive or naïve to treatment with Bacillus Calmette-Guérin, as well as a Phase 2 trial in pediatric patients with LMs. Additionally, Protara is developing IV Choline Chloride, an investigational phospholipid substrate replacement for patients on parenteral nutrition who are otherwise unable to meet their choline needs via oral or enteral routes. For more information, visit www.protaratx.com.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical facts are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Protara may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “designed,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words or expressions referencing future events, conditions or circumstances that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such forward-looking statements include but are not limited to, statements regarding Protara’s intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: Protara’s business strategy, including its development plans for its product candidates and plans regarding the timing or outcome of existing or future clinical trials (including the timing of any particular phases of such trials and the timing of the announcement of any data produced during such trials or phases thereof); statements related to expectations regarding interactions with the U.S. Food and Drug Administration (FDA); Protara’s financial position; statements regarding the anticipated safety or efficacy of Protara’s product candidates; and Protara’s outlook for the remainder of the year and future periods. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that contribute to the uncertain nature of the forward-looking statements include: risks that Protara’s financial guidance may not be as expected, as well as risks and uncertainties associated with: Protara’s development programs, including the initiation and completion of non-clinical studies and clinical trials and the timing of required filings with the FDA and other regulatory agencies; general market conditions; changes in the competitive landscape; changes in Protara’s strategic and commercial plans; Protara’s ability to obtain sufficient financing to fund its strategic plans and commercialization efforts; having to use cash in ways or on timing other than expected; the impact of market volatility on cash reserves; failure to attract and retain management and key personnel; the impact of general U.S. and foreign, economic, industry, market, regulatory, political or public health conditions; and the risks and uncertainties associated with Protara’s business and financial condition in general, including the risks and uncertainties described more fully under the caption “Risk Factors” and elsewhere in Protara's filings and reports with the United States Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. Protara undertakes no obligation to update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise, except as required by law.

Company Contact:

Justine O'Malley
Protara Therapeutics
Justine.OMalley@protaratx.com
646-817-2836


FAQ

What was Protara's reported six-month complete response rate for TARA-002 in BCG-Unresponsive NMIBC (TARA) on Feb 23, 2026?

The six-month complete response (CR) rate was 68.2% for the BCG-Unresponsive cohort. According to Protara, that rate reflects 15 of 22 evaluable patients as of the January 28, 2026 data cutoff, reported in the ADVANCED-2 interim analysis.

How durable were TARA-002 responses at 12 months for BCG-Unresponsive patients in the ADVANCED-2 trial (TARA)?

Twelve-month CR durability was lower, with a 33.3% CR in BCG-Unresponsive patients. According to Protara, this represents 5 of 15 evaluable patients at the 12-month timepoint in the interim dataset.

What safety profile did Protara report for TARA-002 in the ADVANCED-2 NMIBC study (TARA)?

TARA-002 showed a favorable safety profile with no Grade 3 or greater treatment-related adverse events. According to Protara, most TRAEs were Grade 1, transient, and included dysuria, bladder spasm, fatigue, and urgency.

When does Protara expect to finish enrollment for the BCG-Unresponsive registrational cohort in ADVANCED-2 (TARA)?

Protara expects to complete enrollment of the BCG-Unresponsive registrational cohort in the second half of 2026. According to Protara, this timing is their current expectation for finishing enrollment for that cohort.

What were the ADVANCED-2 any-time complete response rates for BCG-Naïve patients reported by Protara (TARA)?

The any-time CR rate for the BCG-Naïve cohort was 72.4% (21 of 29 evaluable patients). According to Protara, 27 patients were evaluable at six months and 19 at 12 months in the interim analysis.

How many patients were evaluable at six and 12 months in Protara's ADVANCED-2 BCG-Unresponsive cohort (TARA)?

There were 22 evaluable patients at six months and 15 evaluable patients at 12 months in the BCG-Unresponsive cohort. According to Protara, the interim analysis used a January 28, 2026 data cutoff for these counts.
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