In a damning indictment, FDA review scorns PTC’s Duchenne drug for repeated failures
PTC Therapeutics $PTCT exec team proved this week that they are gluttons for punishment.
After enduring two humiliating slap-downs at the FDA for their would-be Duchenne drug ataluren, the biotech — led by CEO Stuart Peltz — has forced the agency’s hand, requiring a panel review on Thursday. And in the agency’s review of the drug, released Tuesday morning, the FDA went to considerable lengths to explain why they think this drug — provided an accelerated approval in Europe, where it’s sold to patients as Translarna — has repeatedly proved to be unworthy of an approval.
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