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PTC Therapeutics Discloses Strategic Pipeline Prioritization

Preclinical and early research gene therapy programs discontinued.

PTC Therapeutics, Inc., reported the discontinuation of preclinical and early research programs in gene therapy as part of a strategic portfolio prioritization. PTC will continue its development and global commercialization of Upstaza, the first-ever approved gene therapy directly administered to the brain. As a result of the prioritization, estimated reductions of approximately fifteen percent in residual 2023 operating expenses (OPEX) are expected. Additional 2023 OPEX guidance will be provide...

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