Protalix BioTherapeutics Announces Repayment of Outstanding Senior Secured Convertible Promissory Notes
Protalix BioTherapeutics, Inc. (DE) (PLX)
NASDAQ:AMEX Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=101161&p=irol-irhome
Company Research
Source: PR Newswire
Company is debt-free with no outstanding notesBalance sheet provides sufficient runway for ongoing operationsCARMIEL, Israel, Sept. 3, 2024 /PRNewswire/ -- Protalix BioTherapeutics, Inc. (NYSE American: PLX), a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins produced by its proprietary ProCellEx® plant cell-based protein expression system, today announced that it has repaid in full all of the outstanding principal and interest payable under its 7.50% Senior Secured Convertible Promissory Notes. The repayment of the convertible notes at maturity was financed entirely with available cash."Repayment of our convertible notes is a significant milestone for our company as we are now debt-free and have eliminated the potential equity overhang presented by the notes," said Dror Bashan, Protalix's President and Chief Executive Officer. "Over the last decade, our company has been financed in part through the issuance of
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News
- Protalix BioTherapeutics, Inc. (NYSE: PLX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Protalix BioTherapeutics Inc (PLX) Q3 2024 Earnings Call Highlights: Revenue Surge and ... [Yahoo! Finance]Yahoo! Finance
- Protalix BioTherapeutics Reports Third Quarter 2024 Financial and Business Results [Yahoo! Finance]Yahoo! Finance
- Protalix BioTherapeutics Reports Third Quarter 2024 Financial and Business ResultsPR Newswire
- Protalix BioTherapeutics to Announce Third Quarter 2024 Financial and Business Results on November 14, 2024PR Newswire
PLX
Earnings
- 11/14/24 - Miss
PLX
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/5/24 - Form 4/A
- PLX's page on the SEC website