regulatory
confidence high
sentiment negative
materiality 0.85
CHMP maintains negative opinion on PTC's Translarna renewal; EC decision awaited in ~67 days
PTC THERAPEUTICS, INC.
- CHMP upheld negative opinion on renewal of conditional marketing authorization for Translarna (ataluren) in nmDMD after re-examination.
- European Commission expected to decide on opinion adoption in approximately 67 days; Translarna remains authorized pending EC review.
- CEO cites totality of evidence from three placebo-controlled trials and STRIDE registry as supportive of continued authorization.
- CHMP based decision on primary analysis subpopulation of Study 041; PTC will provide all possible evidence to EC for continued authorization.
- Translarna currently authorized in Europe; PTC continues to ensure availability for nmDMD patients during review.