Sephience Approvals in the EU and US
Sephience received approval in the EU in late June and the US with broad labeling for patients aged 1 month and above, marking a significant milestone for PTC Therapeutics.
Strong Financial Position
PTC closed the quarter with approximately $1.99 billion in cash, supporting commercial and R&D initiatives without needing additional capital.
Solid Revenue Performance
Total revenue for the second quarter was $179 million, with $96 million from the global DMD franchise and $58 million in royalty revenue from Evrysdi.
Strategic Acquisition for Sephience
PTC acquired the annual global net sales payment obligation for Sephience from Censa Pharmaceuticals, viewed as a constructive use of cash reserves.
Positive Feedback for Sephience Launch
Initial feedback from healthcare providers worldwide has been highly positive, with active engagement in the US and European markets.