PTC Therapeutics shares are trading higher after the company announced its Vatiquinone Friedreich Ataxia program met its endpoint for two FA long-term extension studies. Also, PTC has recently aligned with the FDA on key aspects of the planned NDA submission.
Portfolio Pulse from Benzinga Newsdesk
PTC Therapeutics shares rise as its Vatiquinone Friedreich Ataxia program meets endpoints in two long-term studies. The company has also aligned with the FDA on key aspects of its planned NDA submission.
October 08, 2024 | 2:37 pm
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PTC Therapeutics' stock is trading higher following positive results from its Vatiquinone Friedreich Ataxia program, which met endpoints in two long-term studies. The company's alignment with the FDA on its NDA submission further boosts investor confidence.
The successful meeting of endpoints in the Vatiquinone Friedreich Ataxia program is a significant milestone for PTC Therapeutics, indicating potential future revenue from this treatment. Additionally, alignment with the FDA on the NDA submission process reduces regulatory risk, making the stock more attractive to investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100