BUZZ-PTC Therapeutics falls as EC to not renew market authorization for muscle disorder drug

Reuters2025-03-28
BUZZ-PTC <a href="https://laohu8.com/S/LENZ">Therapeutics</a> falls as EC to not renew market authorization for muscle disorder drug

** Shares of drugmaker PTC Therapeutics PTCT.O fall 1% to $54.38

** PTCT says the European Commission has decided not to renew marketing authorization for the company's muscle-wasting disorder drug, Translarna, and that the treatment will no longer be available for sale in the EU

** The drug had received conditional approval in EU in 2014 to treat children aged five years and older who can walk and are afflicted with Duchenne muscular dystrophy

** Company says it plans to work with countries individually to maintain commercial availability of the drug where possible

** TD Cowen analyst Joseph Thome estimates Translarna to generate $192 million in sales for 2025, with a "minimal contribution from the EU"

** Shares have gained 86.8% in the last 12 months, as of last close

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com))

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