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ProKidney to Participate in Jefferies Biotech on the Bay Summit

Key Takeaway: ProKidney Corp. will participate in the Jefferies Biotech on the Bay Summit on March 12-13, 2024, where its management team will hold one-on-one meetings with investors. The company focuses on chronic kidney disease and is advancing its lead product candidate, REACT® (Renal Autologous Cell Therapy), which has been designated as a Regenerative Medicine Advanced Therapy (RMAT). Launched in January 2022, the Phase 3 clinical program aims to evaluate the treatment's effectiveness in preserving kidney function for diabetic patients at risk of kidney failure.
Price reaction · baseline $1.57 (2024-02-28 close) · hit after-hours · clean, no other PROK news in the window
day 0 close · peak
+3.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • ProKidney is participating in a prominent biotech summit, enhancing visibility.
  • Management team will hold one-on-one investor meetings, fostering engagement.
  • ProKidney's REACT® therapy shows potential in preserving kidney function.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+32%
120-day peak, hindsight
Typical move
5.1%
average across 5 past catalysts
Cash runway
~15 mo
Low dilution risk
Lead asset
Renal Autologous Cell Therapy
Phase 3 · Type 2 Diabetes Mellitus

Full Press Release Details

WINSTON-SALEM, N.C., Feb. 29, 2024 (GLOBE NEWSWIRE) -- ProKidney Corp. (Nasdaq: PROK) (“ProKidney”), a leading late clinical-stage cellular therapeutics company focused on chronic kidney disease (CKD), today announced that senior members of the management team will be participating in the Jefferies Biotech on the Bay Summit being held in Miami on March 12 – 13, 2024.
The ProKidney management team will host one-on-one meetings during the event. Interested investors should contact their Jefferies representative to schedule meetings.
ProKidney, a pioneer in the treatment of CKD through innovations in cellular therapy, was founded in 2015 after a decade of research. ProKidney’s lead product candidate, REACT® (Renal Autologous Cell Therapy), is a first-of-its-kind, patented, proprietary autologous cellular therapy being evaluated to potentially preserve kidney function in diabetic patients at high risk of kidney failure. REACT® has received Regenerative Medicine Advanced Therapy (RMAT) designation, as well as FDA and EMA guidance, supporting its ongoing Phase 3 clinical program that launched in January 2022. For more information, please visit www.prokidney.com.

Frequently Asked Questions

What event will ProKidney participate in March 2024?

ProKidney will attend the Jefferies Biotech on the Bay Summit on March 12-13.

What is ProKidney's main focus?

ProKidney specializes in cellular therapeutics for chronic kidney disease.

What is the lead product candidate of ProKidney?

ProKidney's lead candidate is REACT®, an innovative autologous cellular therapy.

What designation has REACT® received?

REACT® has earned the Regenerative Medicine Advanced Therapy designation.

When did ProKidney's Phase 3 clinical program start?

The Phase 3 clinical program for REACT® began in January 2022.

Last updated: Feb 29, 2024