Ptc Therapeutics Stock Price, News & Analysis

The SMA Foundation and PTC Therapeutics (NASDAQ: PTCT) have expanded their collaboration to advance research in regenerative medicine for Spinal Muscular Atrophy (SMA) and related neuromuscular disorders. The partnership aims to fund academic institutions to develop new treatments, filling a therapeutic gap in SMA care. This initiative builds on their successful history, including the recent approval of Evrysdi for SMA. SMA is a serious genetic disorder affecting 1 in 11,000 babies, leading to muscle atrophy and loss of function.

On February 26, 2021, PTC Therapeutics, Inc. (NASDAQ: PTCT) announced that the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) recommended approval of Evrysdi™ (risdiplam) for treating 5q spinal muscular atrophy (SMA) in patients aged 2 months and older. The decision follows accelerated assessment due to the drug's significance for public health. Evrysdi has already been approved in seven countries and is under review in 30 more. A final decision from the European Commission is anticipated in the next two months.

PTC Therapeutics (NASDAQ: PTCT) announced its financial results for Q4 and full year 2020, reporting total revenues of $380.8 million, up from $307 million in 2019. Key drivers included product revenues of $331 million from Translarna and Emflaza, with a 38% YoY growth in Emflaza. R&D expenses rose significantly to $477.6 million, reflecting investment in clinical trials and programs. The company holds $1.1 billion in cash. For 2021, PTC anticipates net product revenues between $355 million and $375 million and R&D and SG&A expenses of $825-$855 million.

PTC Therapeutics announced positive results from the pivotal FIREFISH study published in The New England Journal of Medicine, evaluating Evrysdi™ (risdiplam) for infants with symptomatic type 1 spinal muscular atrophy (SMA). The study showed significant improvements in survival and developmental milestones after 12 months, with 90% of infants alive without permanent ventilation. Despite some serious adverse events, the overall safety profile remains favorable. This study reinforces the therapeutic potential of Evrysdi in treating SMA, providing insight into its role in addressing unmet medical needs.

PTC Therapeutics (PTCT) announced the initiation of the second stage of the FITE19 clinical trial for PTC299, an oral investigational drug aimed at COVID-19 treatment. This phase follows a successful first stage, which involved 40 patients and an interim safety analysis. Approximately 340 participants will be enrolled in the second stage across multiple centers outside the U.S. PTC299 targets the enzyme dihydroorotate dehydrogenase (DHODH), potentially inhibiting viral replication and modifying inflammatory responses. The primary endpoint is to assess clinical efficacy compared to a placebo.

PTC Therapeutics, Inc. (NASDAQ: PTCT) announced its participation in several upcoming investor conferences, including the Raymond James 42nd Annual Institutional Investors Conference on March 2 at 7:30 a.m. ET, the Cowen 41st Annual Health Care Conference on March 4 at 10:30 a.m. ET, and the Barclays Global Healthcare Conference on March 10 at 9:10 a.m. ET. The presentations will be webcast live on PTC's website and archived for 30 days. PTC focuses on developing differentiated medicines for rare disorders, emphasizing its commitment to meeting unmet medical needs.

PTC Therapeutics, Inc. (NASDAQ: PTCT) will host a webcast conference call on February 25, 2021, at 4:30 p.m. (ET) to discuss its fourth quarter and year-end 2020 financial results. Investors can access the call by dialing (877) 303-9216 domestically or (973) 935-8152 internationally, using passcode 2174406. A live webcast will be available on PTC's investor relations website, with a replay accessible two hours post-call and archived for 30 days. PTC focuses on developing treatments for rare disorders, emphasizing a diversified pipeline.

PTC Therapeutics hosted a conference call on February 4, 2021, at 5:30 p.m. E.T. to discuss results from its clinical study 045 of Translarna™ (ataluren) for treating patients with nonsense mutation Duchenne muscular dystrophy. The call featured access via phone and a live webcast, both providing crucial insights into this rare genetic disorder. Duchenne muscular dystrophy leads to muscle weakness and fatal complications, primarily affecting males. Translarna focuses on restoring protein production in affected patients, currently licensed in the European Economic Area.

PTC Therapeutics (NASDAQ: PTCT) has launched the seventh annual STRIVE Awards program aimed at supporting Duchenne muscular dystrophy patient advocacy organizations. This year, a new category has been added to facilitate the transition of Duchenne patients from adolescence to adulthood. The awards emphasize the increasing life expectancy of Duchenne patients, now reaching their 30s and 40s, which highlights the need for enhanced quality of life support. The submission deadline is March 15, with winners announced in September 2021.