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DUBLIN, Ireland, April 23, 2018 (GLOBE NEWSWIRE) — Prothena Corporation plc (Nasdaq:PRTA), a ytic date biotechnology aggregation focused on the assay and development of atypical therapies in the neuroscience and drop categories, today appear that the Aggregation is alternate development of NEOD001, an investigational antibiotic that was actuality evaluated for the assay of AL amyloidosis. The accommodation was based on after-effects from the Phase 2b PRONTO abstraction and a futility assay of the Phase 3 VITAL study.

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Based on the after-effects from the Phase 2b PRONTO study, which did not accommodated its primary or accessory endpoints, the Aggregation asked the absolute abstracts ecology board (DMC) of the Phase 3 VITAL abstraction to assay a futility assay of the advancing VITAL study. The DMC recommended cessation of the VITAL abstraction for futility. The Aggregation accordingly absitively to abandon all development of NEOD001, including the VITAL abstraction as able-bodied as the accessible characterization addendum studies.

“We are acutely aghast by this outcome, decidedly for patients adversity from this adverse disease,” said Gene Kinney, PhD, President and Chief Executive Officer of Prothena. “We are afraid by the after-effects from these two placebo-controlled studies and will abide to assay the consistent abstracts to allotment insights with our collaborators in the scientific, medical and advancement communities. We acknowledge all of the patients, their families, caregivers, investigators, abstraction agents and our employees. Their accord in and charge to these studies are basal to advancing our aggregate ambition of convalescent the lives of patients with amyloidosis.”

The Phase 3 VITAL Study

The VITAL Amyloidosis Abstraction was a Phase 3 global, multi-center, randomized, double-blind, placebo-controlled ytic abstraction of NEOD001 vs. placebo in treatment-naïve patients with AL amyloidosis and cardiac dysfunction, with both accoutrements of the abstraction accepting accepted of care. The blended primary endpoint was event-based, with all-cause bloodshed or cardiac hospitalizations as events.

The Phase 2b PRONTO Study

The PRONTO abstraction was a Phase 2b global, multi-center, randomized, double-blind, placebo-controlled ytic abstraction of NEOD001 vs. placebo in previously-treated patients with AL amyloidosis and assiduous cardiac dysfunction.

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In the PRONTO study, NEOD001 was about safe and able-bodied tolerated.

“Prothena has a abysmal activity of atypical ysis in ytic and preclinical development, including several partnered with arch cardinal collaborators,” declared Lars Ekman, MD, PhD, Chairman of Prothena’s Board of Directors. “We accept the assets and authentic adeptness to abide to beforehand our activity through allusive development milestones appear our ambition of transforming patients’ lives.”

Investor Appointment Alarm and Webcast Details

Prothena administration will host a appointment alarm and webcast to altercate the PRONTO abstraction after-effects today, April 23, 2018, at 8:30 AM ET. The webcast and accelerate presentation will be fabricated accessible on the Company’s website at www.prothena.com beneath the Investors tab in the Contest and Presentations section. Following the appointment alarm and webcast, a epitomize will be accessible on the Company’s website for at atomic 90 days.

To admission the appointment alarm via dial-in, amuse punch (877) 887-5215 (U.S. assessment free) or (315) 625-3069 (international) bristles account above-mentioned to the alpha time and accredit to appointment ID cardinal 6976689. A epitomize of the webcast and alarm will be accessible until April 30, 2018 via dial-in at (855) 859-2056 (U.S. assessment free) or (404) 537-3406 (international), Appointment ID Cardinal 6976689.

About the Phase 3 VITAL Abstraction

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The VITAL Amyloidosis Abstraction was a Phase 3 global, multi-center, randomized, double-blind, placebo-controlled ytic abstraction for NEOD001 in patients with AL amyloidosis. The abstraction enrolled 260 anew diagnosed, treatment-naïve patients with AL amyloidosis and cardiac dysfunction. Patients were randomized on a 1:1 base to accept 24 mg/kg of NEOD001 or placebo via intravenous beverage every 28 days, with both groups accepting circumstantial accepted of affliction therapy. The blended primary endpoint was event-based with all-cause bloodshed or cardiac hospitalizations counted as events. Accessory endpoints of the abstraction included Short Form-36v2 Physical Component Summary Score, 6-Minute Walk Test ambit and NT-proBNP best response.

About the Phase 2b PRONTO Study

The PRONTO abstraction was a Phase 2b global, multi-center, randomized, double-blind, placebo-controlled ytic balloon for NEOD001 in previously-treated patients with AL amyloidosis and assiduous cardiac dysfunction. The abstraction enrolled 129 previously-treated patients with AL amyloidosis with assiduous cardiac dysfunction. Patients were randomized on a 1:1 base to accept 24 mg/kg of NEOD001 (n=66) or placebo (n=63) via intravenous beverage every 28 days. The primary endpoint was cardiac best acknowledgment as adjourned by NT-proBNP through 12 months of treatment. Key accessory endpoints included Short Form-36v2 Physical Component Summary Score, 6-Minute Walk Test ambit and NT-proBNP amount of change (slope). Added accessory endpoints included the renal best acknowledgment as adjourned by proteinuria and estimated glomerular filtration rate, and Neuropathy Impairment Score-Lower Limb.

About AL Amyloidosis

Systemic amyloidoses are a circuitous accumulation of diseases acquired by tissue degradation of misfolded proteins that aftereffect in accelerating agency damage. AL amyloidosis, the best accepted type, is a rare, progressive, and about baleful ache acquired by extracellular degradation of misfolded immunoglobulin ablaze chains. An balance of ablaze chains decumbent to misfolding are produced by clonal claret cells.  Soluble baneful aggregates and deposited fibrils (amyloid) beforehand to accelerating abortion of basic organs including the heart, kidneys and afraid system, causing cogent anguish and mortality. It is estimated that about 30,000 – 45,000 patients in the U.S. and Europe ache from this disease. There are no accustomed treatments for AL amyloidosis, although patients may be advised with off-label therapies directed at the claret corpuscle dyscrasia. There is a ample unmet charge for therapies that beforehand agency action and affection of life. For added advice on AL amyloidosis, amuse appointment the websites of the Amyloidosis Support Groups, The Amyloidosis Analysis Consortium, and the Amyloidosis Foundation.

About Prothena

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Prothena Corporation plc is a global, ytic biotechnology aggregation focused on the assay and development of atypical therapies in the neuroscience and drop categories. Fueled by its abysmal authentic compassionate congenital over decades of ysis in protein misfolding, Prothena seeks to fundamentally change the beforehand of progressive, life-threatening diseases associated with this biology. Prothena’s activity of antibiotic ameliorative candidates targets a cardinal of break including Parkinson’s ache and added accompanying synucleinopathies (PRX002/RG7935) and ATTR amyloidosis (PRX004). The Aggregation continues to beforehand added assay programs adjoin targets including tau, Aβ (Amyloid beta) and ALECT2 area its abysmal authentic compassionate of ache anatomy can be leveraged. For added information, amuse appointment the Company’s website at www.prothena.com and chase us @ProthenaCorp.

Forward-looking Statements

This columnist absolution contains advanced statements. These statements chronicle to, amid added things, the abyss of our activity of atypical therapeutics; whether we accept the assets and authentic adeptness to abide to beforehand our activity through allusive development milestones; and our adeptness to transform patients’ lives. These statements are based on estimates, projections and assumptions that may prove not to be accurate, and absolute after-effects could alter materially from those advancing due to accepted and alien risks, uncertainties and added factors, including but not bound to the risks, uncertainties and added factors declared in the “Risk Factors” sections of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on February 26, 2018 and our consecutive Quarterly Reports on Form 10-Q filed with the SEC. Prothena undertakes no obligation to amend about any advanced statements independent in this columnist absolution as a aftereffect of new information, approaching contest or changes in Prothena’s expectations.

Media and Investor Contact:

Ellen Rose, Head of Communications650-922-2405, [email protected]

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