US FDA approves PTC Therapeutics' metabolic disorder drug
1. FDA approves PTC Therapeutics' oral drug for a rare metabolic disorder. 2. This approval could significantly enhance PTCT's market position.
FAQ
Why Very Bullish?
FDA approvals often lead to significant stock price surges. Historical examples include swift gains for companies post-approval like Vertex and Gilead.
How important is it?
FDA approval is a critical milestone indicating potential revenue growth, impacting PTCT's stock favorably.
Why Short Term?
Immediate market reactions to FDA approvals can boost stock prices quickly. Previous cases show considerable spikes within days of announcements.