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PTCT
Benzinga
21 days

These Analysts Increase Their Forecasts On PTC Therapeutics

1. PTC Therapeutics gained FDA approval for SEPHIENCE for PKU treatment. 2. The approval is seen as a major milestone for PKU patients. 3. PTC shares rose 11.7% post-announcement, trading at $49.53. 4. Analysts raised price targets for PTC, signaling strong market confidence. 5. PTC’s management is prepared to launch SEPHIENCE promptly.

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FAQ

Why Very Bullish?

FDA approval and favorable analyst revisions suggest strong price potential, reminiscent of past biotech approvals that led to significant stock gains.

How important is it?

The article highlights a substantive regulatory milestone, impacting PTCT’s market perception and future revenue potential.

Why Short Term?

The immediate market reaction and analyst upgrades indicate short-term price momentum, typical post-FDA approval events.

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