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Stock impact report

PTC Announces Further Strategic Prioritization and Associated Reduction in Workforce

PTC Therapeutics, Inc. (PTCT) 
Last ptc therapeutics, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ptcbio.com
Company Research Source: PR Newswire
- Translarna CHMP opinion re-examination request to be submitted -SOUTH PLAINFIELD, N.J., Sept. 28, 2023 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: PTCT) announced today further strategic prioritization and associated workforce reduction. The portfolio prioritization continues the process initiated in May 2023 as the company continues to focus its resources on its differentiated, high potential R&D programs and on support of the robust global commercial infrastructure. The company also confirmed today its plans to submit the re-examination request for the CHMP opinion on Translarna."We remain confident that we have the data to address the concerns raised by CHMP in its negative opinion," said Matthew B. Klein, M.D., Chief Executive Officer, PTC Therapeutics. "The totality of evidence collected in three placebo-controlled trials and in the STRIDE registry provide clear evidence of Translarna's benefit. In addition, the patient and physician communities strongly believe in the bene Show less Read more
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