Bloomberg News

Prolor Biotech Falls to Three-Week Low as Quarterly Loss Widens

May 06, 2012

Prolor Biotech Inc. (PBTH) declined to the lowest level in almost three weeks after the developer of therapeutic proteins said its first-quarter loss widened.

The shares dropped 2.6 percent to 19.90 shekels at 10:42 a.m. in Tel Aviv, the lowest intraday level since April 16, giving the company a market value of 1.09 billion shekels ($287 million). The TA-25 index declined 1.5 percent today.

Prolor’s loss widened to $4.99 million from $3.46 million in the same period last year.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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