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William Blair Upgrades PTC Therapeutics On Risdiplam Prospects
Monday, June 18, 2018 - 12:48pm | 354PTC Therapeutics, Inc. (NASDAQ: PTCT) traded sigificantly higher Monday after having published a positive update from its risdiplam trial in type 1 SMA babies. The Rating William Blair analyst Raju Prasad accordingly upgraded PTC to Outperform. The Thesis Risdiplam’s efficacy data compares...
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Credit Suisse Weighs In Ahead Of PTC Therapeutics' Thursday AdCom Panel For Translarna
Tuesday, September 26, 2017 - 12:32pm | 396PTC Therapeutics, Inc. (NASDAQ: PTCT) is already experiencing some major volatility Tuesday ahead of its upcoming AdCom meeting for Duchenne muscular dystrophy drug candidate Translarna on Thursday. The stock took a 22-percent dive Tuesday morning ahead of the meeting as investors have started to...
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A Timeline Of PTC Therapeutics' Translarna Journey
Friday, November 11, 2016 - 12:58pm | 430Shares of PTC Therapeutics, Inc. (NASDAQ: PTCT) soared more than 80 percent higher on Friday. The company confirmed that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recommended the renewal of the company's therapy called Translarna (ataluren...
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PTC Therapeutics Surges 88% On European Marketing Authorization
Friday, November 11, 2016 - 9:46am | 362Shares of PTC Therapeutics, Inc. (NASDAQ: PTCT) soared higher by nearly 90 percent early Friday morning after the company announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recommended the renewal of the company's therapy called...
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PTC Therapeutics Gets Big Boost From Sarepta's DMD Drug Approval
Monday, September 19, 2016 - 12:32pm | 289PTC Therapeutics, Inc. (NASDAQ: PTCT) shares received a big boost Monday, thanks to positive tidings received by Sarepta Therapeutics Inc. (NASDAQ: SRPT). The latter received FDA's accelerated approval for eteplirsen for treating exon 51 skipping amenable Duchenne's muscular dystrophy....
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Need For New Drug Trial Increases Long-Term Risk For PTC Therapeutics, Says Wedbush
Tuesday, July 26, 2016 - 9:04am | 341PTC Therapeutics, Inc. (NASDAQ: PTCT) provided an update on July 25 regarding its discussions with European regulators and the path forward with the FDA, in association with Translarna. Wedbush’s Heather Behanna maintains a Neutral rating on the company, while lowering the price target from $...
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Why NICE Recommendation Is Turning Point For PTC Therapeutics Shares
Monday, April 18, 2016 - 1:30pm | 414Oppenheimer said the recent recommendation from NICE for Translarna is a "turning point" for PTC Therapeutics, Inc. (NASDAQ: PTCT) shares, as it bodes well for the upcoming CHMP review. The Importance Of Translarna To PTC On Friday, shares of PTC Therapeutics surged more than 40 percent after it...
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Wall Street Really Blew It On PTC Therapeutics
Tuesday, March 1, 2016 - 2:37pm | 305It’s been about six weeks since Credit Suisse initiated coverage of PTC Therapeutics, Inc. (NASDAQ: PTCT) with an Outperform rating and $36 price target on the stock. Now, less than two months later, the stock is down more than 76 percent and trading at $5.70 per share. On February 23, PTC...
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PTC Therapeutics: Oppenheimer Bull Cuts Target From $111 To $39; Jefferies Less Certain on Translarna
Tuesday, March 1, 2016 - 10:21am | 333Shares of PTC Therapeutics, Inc. (NASDAQ: PTCT) were down as much as 2 percent in the pre-market hours Tuesday following the U.S. FDA questioning the effectiveness of Translarna in nonsense mutation Duchenne muscular dystrophy (nmDMD). PTC was notified that negative results from both Phase-2b and...
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Roth Capital On PTC Therapeutics: 'Staying On The Sidelines' Until Regulatory Clarity
Friday, October 16, 2015 - 3:08pm | 495Shares of PTC Therapeutics, Inc. (NASDAQ: PTCT) spiked higher by more than 7 percent on Friday, but are still lower by nearly 35 percent year-to-date. The company reported results from a Phase 3 ACT DMD clinical trial of Translarna on Thursday. Debjit Chattopadhyay of Roth Capital maintained a...
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PTC Therapeutics Could Quintuple In Price, Oppenheimer Predicts
Monday, October 5, 2015 - 3:02pm | 335Shares of PTC Therapeutics, Inc. (NASDAQ: PTCT) lost nearly 8 percent by Monday afternoon. The company released Phase 2 data at the International Congress of the World Muscle Society. Christopher Marai of Oppenheimer maintained an Outperform rating and unchanged $155 price target...