PTC Therapeutics Q2 Revenue Beats Modestly, Sephience Outlook in Focus, Morgan Stanley Says

MT Newswires Live
Aug 08

PTC Therapeutics (PTCT) Q2 net product revenue and royalties came in modestly ahead of expectations, Morgan Stanley said in a Friday note.

Morgan Stanley added that PTC Therapeutics' unchanged 2025 revenue guidance reflected some uncertainty around the contribution from new product launches.

The lower end of the guidance contemplating rapid Emflaza genericization, while the higher end reflects successful new product approvals, including Sephience, a newly approved treatment for sepiapterin-responsive phenylketonuria.

On Thursday, PTC Therapeutics posted better-than-expected Q2 results and continued to expect 2025 revenue to be between $650 million and $800 million.

Morgan Stanley has a overweight rating on the company and raised its price target to $76 from $70 on Q2 results and updated Sephience assumptions following its recent approvals in the US and Europe.

Shares of PTC Therapeutics were down 7% in recent trading.

Price: 46.85, Change: -3.51, Percent Change: -6.97

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10