PTC Therapeutics Says FDA Lifts Clinical Hold On Investigational Study In Patients With Rare Weak Nerve Cell Disorder
Portfolio Pulse from Vandana Singh
PTC Therapeutics announced that the FDA has lifted the clinical hold on its PIVOT-HD study for Huntington's disease. Interim results from the Phase 2 study showed dose-dependent reductions in mutant huntingtin protein and favorable trends in clinical assessments. Despite the positive news, PTCT shares are down 4.10%.
June 20, 2024 | 2:09 pm
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PTC Therapeutics announced that the FDA has lifted the clinical hold on its PIVOT-HD study for Huntington's disease. Interim results showed promising reductions in mutant huntingtin protein and favorable trends in clinical assessments. Despite the positive news, PTCT shares are down 4.10%.
The lifting of the FDA clinical hold and positive interim results are significant milestones for PTC Therapeutics. These developments are likely to boost investor confidence in the long term. However, the current share price decline may be due to broader market conditions or profit-taking.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100