BRAW Studio
BRAW Studio Blackmagic RAW Importer for Adobe CC (After Effects, Premiere Pro and Media Encoder)
PrPro / AME Image rendering
Why does my clip displays red and black bars ?
Most probably because you opened your Premiere Pro project with BlackmagicRaw plugin from Blackmagic Design installed and used to decode .braw instead of BRAW Studio ! More information in this article : BlackmagicRaw Plugin and BRAW Studio - What's the difference ?. And don't forget to update BRAW Studio !