PTC Misses Phase III In Friedrich Ataxia, But Isn’t Giving Up

Company Ends Gene Therapy R&D, Cuts Headcount

Pointing to data showing benefit in patients who completed 72 weeks of therapy, PTC thinks vatiquinone still could be viable for pediatric FA patients. Restructuring won’t affect Upstaza.

PTC
PTC maintains hopes in FA, exits gene therapy R&D • Source: Shutterstock

Despite missing the primary endpoint in a top-line readout of its Phase III study testing vatiquinone in Friedrich ataxia, PTC Therapeutics, Inc. thinks it has much to discuss about the dataset with regulators since the trial met multiple secondary endpoints and a pre-specified analysis of patients who completed the 72-week treatment regimen showed a 75% slowing of disease progression. But the biotech also announced on 23 May that it will end gene therapy R&D and cut staff by about 15% following a strategic portfolio review.

Key to PTC’s appeal to regulators will be the unmet medical need in FA, a physically debilitating and life-shortening neuromuscular disorder with an estimated patient base of about 25,000 people globally. While Reata Pharmaceuticals, Inc. obtained US Food and Drug Administration approval of Skyclarys (omaveloxolone) in February for the disease, it is indicated for patients 16 and older. FA tends to onset in childhood or adolescence, and PTC stressed on a 23 May call that its study enrolled patients between ages 7 and 21

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Strategy

More from Business

AbbVie Pays $335m Up Front To Partner With ADARx On siRNA Therapeutics

 
• By 

ADARx CEO Zhen Li told Scrip the collaborators will advance novel siRNA medicines, but ADARx retains its clinical-stage and many preclinical programs and remains open to more deals.

Bluebird, Private Equity Firms Look To Sweeten Buyout Deal

 

Shareholders are being offered a flat fee of $5 per share as an alternative to $3 plus a contingent value right, which could be a more attractive option if they want cash up front.

Novo Nordisk Looks To Septerna For Oral Obesity Options

 

Deal Snapshot: The Danish drugmaker is partnering with GPCR drug discovery expert Septerna to develop multiple small molecules for cardiometabolic targets.