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The FDA approval indicates strong commercial potential and future revenue growth, akin to historical cases of similar drug approvals leading to significant stock price increases.
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PTC Therapeutics' Sephience approved for phenylketonuria by FDA. The treatment expected to be the new standard of care. Initial strategy targets 1,200 prescribers across 104 centers. Peak global sales estimated at $2.2 billion by 2031. PTCT stock rose 12.44% post-news release.
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