PTC Therapeutics Inc - Company Profile
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PTC Therapeutics Inc (PTC Therapeutics) discovers, develops, and markets medicines for the treatment of rare disorders. Its marketed products include Evrysdi (risdiplam) for spinal muscular atrophy, Translarna (ataluren) and Emflaza (deflazacort) for the treatment of Duchenne muscular dystrophy. The company's pipeline candidates target the treatment of Huntington’s disease; children with inherited mitochondrial disease; leiomyosarcoma; acute myelogenous leukemia; and aromatic L-amino acid decarboxylase deficiency. PTC Therapeutics works in collaboration with various biotechnology and pharmaceutical companies for advancing its pipeline candidates. It operates through its subsidiaries in the US and Europe. PTC Therapeutics is headquartered in South Plainfield, New Jersey, the US.
Headquarters
United States of America
Address
500 Warren Corporate Center Drive, New Jersey, 07059
Website
www.ptcbio.com
Telephone
1 908 2227000
No of Employees
988
Industry
Pharmaceuticals and Healthcare
Ticker Symbol & Exchange
PTCT (NASD)
Revenue (2022)
$937.8M
34.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-12.1%
(2022 vs 2021)
Market Cap*
$1.9B
Net Profit Margin (2022)
XYZ
16.5%
(2022 vs 2021)
* As of and is in US$
PTC Therapeutics Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Translarna (Ataluren): Duchenne Muscular Dystrophy | Evrysdi |
| Emflaza (Deflazacort): Duchenne Muscular Dystrophy | Translarna |
| Waylivra (Volanesorsen): Familial Chylomicronemia Syndrome | Emflaza |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In October, the company entered into an agreement with Royalty Pharma to monetize up to US$1.5 billion of the royalty stream for the spinal muscular atrophy drug Evrysdi (risdiplam). |
| 2022 | Financing Agreements | In October, the company signed a strategic financing partnership worth up to US$1 billion with funds managed by Blackstone to back the development of innovative product pipeline. |
| 2022 | Contracts/Agreements | In July, the company announced a partnership with Saphetor to advance awareness of clinical programs in rare diseases. |
Competitor Comparison
| Key Parameters | PTC Therapeutics Inc | Astellas Pharma Inc | Biogen Inc | Daiichi Sankyo Co Ltd | Alnylam Pharmaceuticals Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Japan | United States of America | Japan | United States of America |
| City | Warren | Chuo-Ku | Cambridge | Chuo-Ku | Cambridge |
| State/Province | New Jersey | Tokyo | Massachusetts | Tokyo | Massachusetts |
| No. of Employees | 988 | 14,484 | 7,570 | 17,435 | 2,100 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Schmertzler | Chairman | Executive Board | 2004 | 71 |
| Matthew B. Klein, M.D. | Chief Executive Officer; Director | Executive Board | 2023 | 51 |
| Pierre Gravier | Chief Financial Officer | Senior Management | 2023 | - |
| Christine Utter | Chief Accounting Officer; Head - People Services; Senior Vice President | Senior Management | 2019 | 45 |
| Mark E. Boulding | Chief Legal Officer; Executive Vice President | Senior Management | 2012 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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