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Protagonist Therapeutics

Drugmaker with rare disease work · based in Newark, United States · founded 2006 · ticker PTGX · protagonist-inc.com

Protagonist Therapeutics works on Polycythemia Vera, one of the rare diseases we track. It has 2 active clinical trials, though none are looking for new volunteers right now.

Protagonist Therapeutics, based in Newark, California, discovers peptide medicines. It discovered rusfertide, which Takeda sells as Mimrylo. The FDA approved Mimrylo on August 28, 2026 to treat erythrocytosis (too many red blood cells) in adults with polycythemia vera.

Protagonist Therapeutics pipeline

Each row lists the diseases Protagonist Therapeutics is studying at that stage, from the ones closest to approval down to the earliest work.

Phase 3
Large studies, usually the last step before a company asks the FDA for approval.

Protagonist Therapeutics clinical trials

These are Protagonist Therapeutics trials for the rare diseases we track, from ClinicalTrials.gov. Statuses there can lag behind company news, so confirm with the study team before you plan around one.

2 trials underway, not taking new volunteers

Underway, not taking new volunteersPhase 3Recently updatedNCT05210790

A Study of Rusfertide in Adults With Polycythemia Vera (PV)

Tests Rusfertide, Placebo

For Polycythemia Vera

Polycythemia vera (PV) is a long-term condition in which the bone marrow makes too many red blood cells (RBCs). Bone marrow is the soft tissue inside the large bones where blood cells are made. When there are too many RBCs, called erythrocytosis, the blood can become thicker and move less easily through blood vessels and organs. This can raise the risk of blood clots (thrombosis) in veins or arteries. Sometimes, these clots can be life-threatening and may cause a stroke or heart attack. Treatment aims to keep the percentage of RBCs in the blood (hematocrit) in a safe range. For adults with PV, this means keeping the hematocrit below 45%. This helps lower the blood thickness and the risk of thrombosis. PV can also be linked to low iron levels (iron deficiency), because the body uses iron to make more RBCs. Many people with PV are treated with blood removal (phlebotomy) to lower RBC levels in the blood. This can worsen the iron deficiency, because each blood removal also takes iron out of the body. Rusfertide is a medicine that lowers the amount of iron available in the blood. It works like hepcidin, a natural hormone that helps control iron levels in the body. By limiting iron available for RBC production, rusfertide may help keep hematocrit below 45% and may improve symptoms. It may also reduce, or even remove, the need for phlebotomy in people. The main aim of this study is to check how well rusfertide works compared with placebo to lower the number of phlebotomies. A placebo looks like rusfertide but does not have any medicine in it. Other aims are to learn how safe rusfertide is compared with placebo and to understand how well it works to reduce the need for phlebotomy and to keep hematocrit levels under control. The study also wants to learn how rusfertide moves through the body (pharmacokinetics) and how it affects the body (pharmacodynamics or PD). This study has 4 parts that follow each other: * In part 1a, participants will receive either rusfertide or placebo. * In part 1b, all participants will receive rusfertide. * In part 2, participants can continue to receive rusfertide if they benefit from treatment with rusfertide. * Part 3 will include participants who finish Part 2 and still benefit from rusfertide. During the study, participants will visit the study clinical several times at fixed timepoints.

Ages 18 Years+184 locations
View full study
Underway, not taking new volunteersPhase 3Hasn't posted an update in over a yearNCT06033586

Study to Evaluate the Long-term Safety of Rusfertide (PTG-300) in Subjects With Polycythemia Vera

Tests Open-label rusfertide

For Polycythemia Vera

The goal of this clinical trial is to assess long-term safety and efficacy of rusfertide in subjects with polycythemia vera. Subjects who complete dosing with rusfertide until the end-of-treatment visit of a Phase 2 rusfertide study and meet the inclusion/exclusion criteria for this study, are eligible to participate in this open-label study and continue treatment with rusfertide.

Ages 18 Years+1 location
View full study
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More about Protagonist Therapeutics

Takeda licensed rusfertide in 2024 and has held worldwide rights since Protagonist's opt-out in April 2026. Protagonist receives milestone payments and royalties on its sales. Protagonist also discovered icotrokinra, which Johnson & Johnson sells as Icotyde for moderate to severe plaque psoriasis, a common condition.

Its own pipeline includes PN-8047, an oral hepcidin mimetic in early lab studies, along with psoriasis and obesity programs.

Where Protagonist Therapeutics trials take place

The trials above run at 185 study sites in 20 countries. Tap a country to see its states, cities and hospitals.

United States
81▼
Italy
12▼
Poland
9▼
Spain
9▼
Turkey (Türkiye)
9▼
France
8▼
United Kingdom
8▼
Germany
7▼
Israel
7▼
Austria
6▼
Canada
4▼
Portugal
4▼

Rare diseases Protagonist Therapeutics works on

Each disease page lists every open trial, not only Protagonist Therapeutics's, plus approved treatments.

Polycythemia Vera

Polycythemia Vera is a myeloproliferative neoplasm in which bone marrow produces too many red blood cells, leading to thick blood that carries oxygen less effectively and increases clot risk.

How common: About 44 to 57 per 100,000 people in the US, from 2 large health plans in 2008 to 2010 (Mehta et al., Leukemia and Lymphoma 2014); median age of diagnosis is 65 years

Where to get support

Patient groups can explain a diagnosis, point you to specialists and tell you about trials before they open. Protagonist Therapeutics's own site is protagonist-inc.com, and our help paying for treatment page lists drugmaker programs and charity funds.

Questions about Protagonist Therapeutics