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Protara Therapeutics Inc

protaratx.com

Protara Therapeutics (NASDAQ: TARA) is a clinical-stage biotechnology company that develops investigational cell therapies and other drug candidates, with no approved products and no commercial revenue as of the 10-K filed 2026-03-10. The company does not generate product revenue and funds operations through capital markets activity. Its pipeline centers on TARA-002, an investigational cell therapy derived from OK-432, a broad immunopotentiator originally granted marketing approval by the Japanese Ministry of Health. Protara carries two development programs utilizing TARA-002 as of the filing date. Because the company has not commercialized any product, its financials reflect research and development expenditures, clinical trial prepaid and accrued expenses, and operating losses. Capital structure is that of a pre-revenue biotech dependent on equity financing rather than operating cash flow.

Products & Services

TARA-002: an investigational cell therapy based on OK-432, a broad immunopotentiator originally approved by the Japanese Ministry of Health. Two development programs utilizing TARA-002 are active as of the 10-K filed 2026-03-10. No approved or commercialized products are disclosed.

Revenue Model

No product revenue reported. The company is pre-commercial and funds operations through equity issuances. No licensing, royalty, or collaboration revenue streams are described in the filing excerpts.

Customers & Markets

No commercial customers. End markets are not yet applicable given pre-commercial stage. Clinical trial participants are the current subjects of the company's development programs.

Geographic Exposure

Incorporated and operating in the United States. No specific geographic revenue mix disclosed in the filing excerpts.

Financial Snapshot

Revenue
TTM
$0.00
Gross Margin
Last 4 Quarters
N/A
Net Income
TTM
-$63.31M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
1569.12%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$181.2M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$63.05M

Stock Price

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Market Cap: $234.93 Million

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