PTC Therapeutics Announces Results From MIT-E Clinical Trial Of Vatiquinone For The Treatment Of Mitochondrial Disease Associated Seizures
Portfolio Pulse from Happy Mohamed
PTC Therapeutics, Inc. (NASDAQ:PTCT) announced that the MIT-E trial of vatiquinone for the treatment of mitochondrial disease associated seizures (MDAS) failed to achieve its primary endpoint of reduction in observable motor seizures. However, the study showed evidence of treatment effect in reducing seizure frequency in the overall study population and in the largest subgroup of children with Leigh syndrome. The company plans to discuss the results of the MOVE-FA trial of vatiquinone for the treatment of Friedreich ataxia with regulatory authorities.
June 29, 2023 | 8:31 pm
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PTC Therapeutics' MIT-E trial of vatiquinone failed to meet its primary endpoint, which may negatively impact the company's stock in the short term. However, the company plans to discuss the results of another trial with regulatory authorities, which could potentially have a positive impact.
The failure of a clinical trial often leads to a decrease in the company's stock price as it indicates a setback in the company's product development. However, the company's plan to discuss the results of another trial with regulatory authorities could potentially lead to a positive outcome.
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