Protalix BioTherapeutics, Inc. (AMEX:PLX) Q3 2023 Earnings Call Transcript

John Vandermosten: Okay. And I think that are coming due next year in about a year. And then quarterly cash burn, can you give us some help on how to forecast that going forward? I noticed it was a little bit greater than net income for the quarter and I just wanted to see if you could help us understand how that might flow through for the next several quarters.

Eyal Rubin: Yes, so I think that I responded to this one previously too by Boobalan. And since we are just in a phase of revenue ramp up and Chiesi just starting to penetrate the market and building the presence, slowly but surely, I guess that that’s going to fluctuate. So we don’t feel comfortable at this point sharing the forecasts for the next couple quarters. Yes, I think it’s very, very, very fluctuating. They can decide that they are pulling two batches, one batch, for even technical reason delaying one. So I think at this point it’s going to be irresponsible to share forecasts for the short term. Long term, as I said in the next day, you’re going to have to, that’s going to be mostly an inventory buildup with a runway that will ramp up, I’m talking about sales obviously, we’ll ramp over time.

John Vandermosten: Okay, and then shifting to PRX-115 and assuming that topline comes out as expected or better in the middle of next year, what are the next steps there? Would that be P phase 2 or I guess I’m just wondering what we should expect to see from that development program.

Dror Bashan: So we intend to do a multiple dose following the single dose that we do now and then once we have, which is actually a Phase 2 and then we will continue from there.

John Vandermosten: Okay, and just one last one on 119. What are the next steps for that program?

Dror Bashan: So we, thank you for that. So we will gather information in the near future, if I may say, from the different preclinical studies and other data that we have. And we’ll go for, if I may say, kind of a portfolio go-no-go meeting. And if indeed we decide to go ahead, we will share and continue to toxicology in Phase 1.

Operator: Thank you. This concludes today’s question and answer session. I would now like to turn the floor over to Dror Bashan for closing comments.

Dror Bashan: So thank you everybody for your participation. And I appreciate the time. And we look forward speaking with you on our next call for 2023 results. And I hope with a more peaceful time for us here in Israel. Thank you all.

Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.