Fly News Breaks for March 2, 2015
PTCT
Mar 2, 2015 | 09:22 EDT
Roth Capital believes that "unsubstantiated rumors of a potential acquisition" caused PTC's stock to rise. The firm thinks that an acquisition of PTC would carry significant risks. It expects the stock to drop, creating better entry points. Roth raised its price target on the shares to $75 from $58 and keeps a Buy rating on the stock.
News For PTCT From the Last 2 Days
PTCT
Mar 28, 2024 | 08:34 EDT
PTC Therapeutics submitted the sepiapterin MAA to the European Medicines Agency, or EMA. The MAA submission is for the treatment of pediatric and adult patients with Phenylketonuria, including the full spectrum of disease subtypes. Phenylketonuria, or PKU, is a rare, inherited metabolic disease, which affects the brain. The sepiapterin MAA includes the results of the phase 3 APHENITY trial in which sepiapterin had a statistically significant and clinically meaningful reduction in blood phenylalanine levels in pediatric and adult PKU patients. PTC expects to submit the sepiapterin NDA to the FDA no later than the third quarter of 2024. Submissions in 2024 are planned in a number of additional key countries where PTC has existing rare disease commercial infrastructure including Brazil and Japan.