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Novartis has entered an exclusive licensing agreement with PTC Therapeutics to develop PTC518, a novel small molecule therapy targeting the mutated Huntingtin protein responsible for Huntington’s disease. This partnership aims to address the unmet medical need for disease-modifying treatments, as current therapies only manage symptoms. PTC518 is currently in Phase II trials, with the potential to become the first approved therapy to alter the disease's progression, marking a significant advancement in neurodegenerative disease research.
Regeneron Pharmaceuticals' shares dropped nearly 10% as third-quarter sales of Eylea fell short of expectations, raising concerns about future sales amid competition. In contrast, Madrigal Pharmaceuticals reported strong sales of its MASH drug, Rezdiffra, totaling $62 million, significantly exceeding forecasts. UCB's Alzheimer’s drug trial showed promising secondary results despite missing its main goal, while AbbVie announced a partnership with EvolveImmune Therapeutics to develop cancer therapies.
PTC Therapeutics, Inc.
Companies
| Symbol | PTCT |
| Name | PTC Therapeutics, Inc. |
| Currency | USD |
| Sector | Health Care |
| IndustryGroup | Pharmaceuticals, Biotechnology & Life Sciences |
| Industry | Biotechnology |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NJ |
| City | South Plainfield |
| Zipcode | 7080 |
| Website | http://www.ptcbio.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
novartis partners with ptc therapeutics for innovative huntingtons disease treatment
09:01 12.12.2024
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