Protara Therapeutics

Protara Therapeutics

TARA
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TARA · Stock Price

USD 5.37+2.13 (+65.74%)
Market Cap: $289.6M

Historical price data

Market Cap: $289.6MPipeline: 6 drugs (2 Phase 3)Founded: 2007Employees: 11-50HQ: New York, United States

Overview

Protara Therapeutics is a clinical-stage biotech company with a mission to develop transformative therapies for cancer and rare diseases. Its strategy centers on advancing two distinct, late-stage clinical programs: TARA-002, an investigational cell therapy for non-muscle invasive bladder cancer and lymphatic malformations, and IV Choline Chloride, a phospholipid substrate replacement for intestinal failure-associated liver disease. The company has achieved key milestones by initiating and enrolling multiple Phase 2 trials, positioning both assets for potential near-term data readouts. Protara's focused approach aims to address high-need, niche markets with limited treatment options.

OncologyRare Diseases

Technology Platform

Protara employs two distinct platforms: an intravesical live biotherapeutic product (LBP) platform for localized immune stimulation in cancer and lymphatic malformations, and an intravenous phospholipid substrate replacement platform for addressing metabolic deficiencies in rare liver disease.

Pipeline

6
6 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
TARA-002 + Investigator's Choice of Intravesical Chemotherap...Bladder (Urothelial, Transitional Cell) CancerPhase 3
Choline Chloride for Injection + PlaceboCholine DeficiencyPhase 2/3
TARA-002Non-muscle Invasive Bladder CancerPhase 2
TARA-002Lymphatic MalformationPhase 2
TARA-002Non-muscle Invasive Bladder CancerPhase 1

Funding History

3
Total raised:$125M
PIPE$25M
IPO$60M
Series A$40M

Opportunities

Protara's opportunities lie in addressing high-unmet-need, niche markets with limited competition, enabling potential premium pricing and rapid adoption.
Positive data readouts from its Phase 2 trials in 2024/2025 could serve as major value catalysts, de-risking the pipeline and attracting partnership interest for further development or commercialization.

Risk Factors

Key risks include clinical trial failure of lead assets, near-term financial runway requiring dilutive financing by late 2025, regulatory hurdles, and future commercialization challenges as a small company in specialized markets.
The investment is highly binary and data-dependent.

Competitive Landscape

In bladder cancer, TARA-002 competes with newer intravesical gene therapy and systemic immunotherapy, differentiating via its localized mechanism. In lymphatic malformations, it competes with invasive procedures. For IFALD, it faces no direct pharmacological competition, but must shift entrenched clinical practice paradigms.

Company Timeline

2007Founded

Founded in New York, United States

2018Series A

Series A: $40.0M

2020IPO

IPO — $60.0M

2021PIPE

PIPE: $25.0M