PTC Therapeutics shares are trading lower after the company announced the CHMP of the EMA issued a negative opinion following the re-examination procedure for the conditional marketing authorization of Translarna.
Portfolio Pulse from Benzinga Newsdesk
PTC Therapeutics' stock is trading lower due to the negative opinion from the CHMP of the EMA on the re-examination of Translarna's conditional marketing authorization.
January 25, 2024 | 9:43 pm
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NEGATIVE IMPACT
PTC Therapeutics' shares are expected to face downward pressure after the CHMP's negative opinion on Translarna.
The negative opinion from the CHMP is a significant regulatory setback for PTC Therapeutics, likely affecting investor confidence and the potential European market for Translarna. This news directly impacts the company's prospects and is expected to negatively influence the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100