PTC Therapeutics explained

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PTC Therapeutics, Inc.
Type:Public
Traded As:NASDAQ:
Russell 2000 Component
Industry:Pharmaceuticals
Location City:South Plainfield, New Jersey
Location Country:U.S.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.[1] [2]

In September 2009, PTC entered into an agreement with Roche for the development of orally bioavailable small molecules for central nervous system diseases.[3] PTC acquired the Bio-e platform in 2019.[4]

Products

In 2017, PTC acquired Emflaza (deflazacort) from Marathon Pharmaceuticals.[5] PTC also owns Translarna, (Ataluren) marketed for nonsense mutation Duchenne muscular dystrophy.[6] Together, the two products generated revenues of 174 million dollars and 260 million dollars in 2017 and 2018 respectively.[7]

PTC has the commercialization rights for WAYLIVRA (volanesorsen) in Latin America.[8]

Pipeline

In 2018, PTC acquired Agilis Biotherapeutics and a gene therapy candidate, GT-AADC, with its compelling clinical data in treating aromatic L-amino acid decarboxylase (AADC) deficiency.[9] AADC deficiency is a rare CNS disorder arising from reductions in the enzyme AADC that result from mutations in the dopa decarboxylase (DDC) gene.

In 2020, PTC acquired Censa Pharmaceuticals, Inc., a biopharmaceutical company focused on the development of CNSA-001 (sepiapterin), a clinical-stage investigational therapy for orphan metabolic diseases, including phenylketonuria (PKU) and other diseases associated with defects in the tetrahydrobiopterin (BH4) biochemical pathways diagnosed at birth.[10]

In 2020, PTC announced the FDA approval of Evrysdi (risdiplam) for the treatment of spinal muscular atrophy (SMA) in adults and children 2 months and older.[11]

Further reading

Notes and References

  1. News: Biopharma Blossoming in the Garden State. December 2013. Biobusiness. Bhutta. Sunya. 33. 21. 15. Gen. Eng. Biotechnol. News.
  2. 10.1016/j.nurx.2006.08.004 . 17044149 . 3593415 . Drug development in critical times . NeuroRx . 3 . 4 . 540–3 . 2006 . Bain . Lisa J .
  3. Web site: Bratulic . Anna . Roche, PTC Therapeutics to partner on CNS drug discovery - FirstWord Pharma . FirstWord Pharma . 2009-09-02 . 2016-05-14.
  4. Press Release

    https://www.ptcbio.com/our-science/expertise/bio-e-electron-transfer/

  5. News: PTC acquires DMD med Emflaza from Marathon Pharma for up to $190M. House. SA Editor Douglas W.. 2017-03-16. Seeking Alpha. 2018-07-03. en-US.
  6. News: In The Spotlight: PTC Therapeutics. 2018-07-23. NASDAQ.com. 2018-07-24. en-us.
  7. News: In The Spotlight: PTC Therapeutics. 2018-07-23. NASDAQ.com. 2018-07-24. en-us.
  8. Press Releasehttps://www.ptcbio.com/our-pipeline/approved-medicines/
  9. https://ir.ptcbio.com/news-releases/news-release-details/ptc-therapeutics-acquire-agilis-biotherapeutics PTC Therapeutics website
  10. https://ir.ptcbio.com/news-releases/news-release-details/ptc-therapeutics-acquire-censa-pharmaceuticals PTC Therapeutics website
  11. Press Releasehttps://ir.ptcbio.com/news-releases/news-release-details/ptc-therapeutics-announces-fda-approval-evrysditm-risdiplam