ProKidney

ProKidney

Develops cell therapy for chronic kidney disease

About

ProKidney focuses on treating Chronic Kidney Disease (CKD) through a novel cell therapy called rilparencel. This therapy aims to preserve kidney function in patients with advanced CKD, potentially delaying or eliminating the need for dialysis, which many patients currently rely on. ProKidney is in the late stages of clinical trials for rilparencel, and early results indicate it may effectively maintain kidney function. Unlike other treatments, ProKidney specifically targets CKD, a condition affecting over 35 million adults in the U.S., filling a significant gap in available therapies. The company's goal is to provide a new treatment option that improves the quality of life for CKD patients and reduces their reliance on dialysis.

Company Stage

IPO

Employees

51-200

Industries

Biotechnology, Healthcare

Total Funding

$559.3M

Headquarters

Winston-Salem, North Carolina

Founded

2015


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Simplify's Take

What believers are saying

  • ProKidney raised $140 million to fuel CKD therapeutic breakthroughs.
  • Increased interest in cell therapy enhances ProKidney's market position.
  • Growing biotech-insurance partnerships could improve rilparencel's patient access.

What critics are saying

  • Cancelled Greensboro expansion may harm ProKidney's local reputation.
  • Increased manufacturing expenses could strain ProKidney's financial resources.
  • Volatile stock price may impact investor confidence and future funding.

What makes ProKidney unique

  • ProKidney is pioneering rilparencel, a novel cell therapy for CKD.
  • Rilparencel aims to delay or eliminate the need for dialysis in CKD patients.
  • ProKidney targets an underserved CKD market, offering a groundbreaking treatment option.

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Growth & Insights
Headcount

6 month growth

24%

1 year growth

40%

2 year growth

112%

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