NEW YORK - Protara Therapeutics, Inc. (NASDAQ:TARA), a clinical-stage biotech firm focusing on cancer and rare disease treatments, is set to participate in two key investor conferences in February. The company will join the Guggenheim Healthcare Talks 6th Annual Biotechnology Conference for a fireside chat on a Wednesday, February 7, 2024, at 10:30 am ET in New York. Following this, Protara will engage in a virtual fireside chat at the Oppenheimer 34th Annual Healthcare Life Sciences Conference on Wednesday, February 14, 2024, at 8:40 am ET.
These presentations are part of Protara's ongoing efforts to communicate with investors and stakeholders about its progress and strategic direction. Interested parties can access a live webcast of the events through the Company's website, with the webcasts being available for a limited time after the presentations.
Protara's current work includes the development of TARA-002, their leading investigational cell-based therapy. This therapy is undergoing a Phase 2 trial for non-muscle invasive bladder cancer (NMIBC) in patients who are either unresponsive or naive to Bacillus Calmette-Guérin (BCG) treatment. Simultaneously, a Phase 2 trial is in progress for pediatric patients with lymphatic malformations (LMs). Another significant development is IV Choline Chloride, designed as a phospholipid substrate replacement therapy for patients requiring parenteral nutrition who cannot fulfill their choline requirements orally or enterally.
The company's participation in these conferences is a part of its commitment to advancing transformative therapies and sharing updates on its clinical trials and product development. This news is based on a press release statement from Protara Therapeutics.
InvestingPro Insights
Protara Therapeutics, Inc. (NASDAQ:TARA) has been actively engaging the investment community through upcoming conferences, a strategy that coincides with its notable stock price movements and financial metrics. According to real-time data from InvestingPro, Protara's market capitalization stands at $30.46M, and the stock has experienced significant returns with a 36.04% increase over the last week and a robust 115.23% over the last three months as of the end of December 2024.
InvestingPro Tips reveal that while Protara holds more cash than debt, it is quickly burning through its reserves. The company's gross profit margins remain weak, and analysts do not expect profitability this year. Despite these challenges, Protara's liquid assets exceed its short-term obligations, indicating some financial resilience.
For investors considering Protara's potential, InvestingPro offers additional insights. There are over 10 InvestingPro Tips available for TARA, including analysis of the company's valuation, which suggests a poor free cash flow yield, and the fact that Protara does not pay a dividend to shareholders. To explore these tips in-depth, a subscription to InvestingPro is recommended, now available at a special New Year sale with discounts of up to 50%. Use coupon code "SFY24" for an additional 10% off a 2-year InvestingPro+ subscription, or "SFY241" for an additional 10% off a 1-year subscription.
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