regulatory
confidence high
sentiment negative
materiality 0.85
CHMP issues negative opinion on Translarna full authorization; PTC to seek re-examination
PTC THERAPEUTICS, INC.
- CHMP gave negative opinion on converting Translarna's conditional MA to full MA for nmDMD.
- Negative opinion also applies to renewal of existing conditional authorization.
- PTC will submit re-examination request; expected CHMP opinion in Jan 2024, EC ratification within 67 days.
- Translarna stays on market for nmDMD patients during re-examination process.
- PTC cites favorable safety profile & efficacy data from 3 placebo-controlled trials and STRIDE registry.