PTC Eyes Transition From Capital-Raising To Money-Making Company

 
• By Mandy Jackson
  
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With $1.1bn in cash plus revenue from its existing commercial products and royalties from Roche’s sales of newly approved Evrysdi to invest in R&D, PTC Therapeutics may achieve profitability in 2023.

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PTC may be profitable by 2023 based on product sales and royalties • Source: Shutterstock

PTC Therapeutics, Inc. CEO Stuart Peltz told Scrip that with $1.1bn in the bank the company has never been better capitalized to fund its pipeline of rare disease drug candidates. And with royalties from Evrysdi (risdiplam) – newly approved in the US for spinal muscular atrophy (SMA) – and revenue from its existing commercial portfolio plus near- and mid-term product approvals, PTC forecasts that it may generate $1.5bn in revenue by 2023 and achieve profitability.

The company had $498.9m in cash as of 30 June, but then it received $650m in July from Royalty...

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