Protagonist Therapeutics Swings to Q3 Net Income of $220.02 Million
- Protagonist Therapeutics swung to third-quarter 2026 net income of $220.02 million from a year-earlier loss.
- License and collaboration revenue rose to $274.41 million, primarily driven by $266.6 million in proportional recognition of Takeda payments.
- FDA approval of MIMRYLO for erythrocytosis in adults with polycythemia vera triggered $275 million in payments.
- The board authorized repurchases of up to $300 million of outstanding common stock in September.
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