PTC Therapeutics

Company

Investment-firm

Last deal

$1B

Amount

Post-IPO Equity

Stage

27.10.2022

Date

3

all rounds

$1.57B

Total amount

Financing round

General

About Company
PTC Therapeutics is a biopharmaceutical company focused on rare disorder treatments.

Industry

Sector :

Subsector :

founded date

01.01.1998

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

Founded in 1998, PTC Therapeutics develops and commercializes orally-administered, small molecule drugs that target post transcriptional control processes. Their products include Translarna and Emflaza for Duchenne muscular dystrophy, and they have gained commercialization rights for Tegsedi in Latin America. In 2018, PTC acquired Agilis Biotherapeutics, adding gene therapy programs for rare genetic disorders to their portfolio. They also offer Ataluren for cystic fibrosis and duchenne muscular dystrophy caused by nonsense mutations, and PTC299 for the treatment of metastatic breast cancer and neurofibromatosis.
Contacts

Contact Email

Phone number

Social url

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Financials

Funding Rounds
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3

Number of Funding Rounds

$1.57B

Money Raised

Their latest funding was raised on 27.10.2022. Their latest investor Blackstone Credit. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
27.10.2022
2
$1B
29.04.2020
$140.95M
14.08.2015
$150M
Investments
1
Date 
name 
Lead 
type 
Raised 
ClearPoint Neuro

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Co-Investors
Investors
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2

Number of lead investors

14

Number of investors

Investor 
Lead 
Round 
Partners 
No
Post-IPO Equity
No
Post-IPO Equity
No
Series D
Blackstone Credit

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Subsector

Closed End Investments

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Acquisitions
3
Censa Pharmaceuticals acquired by PTC Therapeutics

Censa Pharmaceuticals acquired by PTC Therapeutics

acquirer

PTC Therapeutics
PTC Therapeutics

date

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type

Acquisition
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BioElectron Technology Corporation acquired by PTC Therapeutics

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acquirer

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Agilis Biotherapeutics acquired by PTC Therapeutics

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acquirer

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Agilis Biotherapeutics

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Agilis Biotherapeutics develops DNA-based therapeutics for genetic disorders.

Sector

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Subsector

Biotechnology

Location

Lynnfield, MA, USA

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total raised

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People

Founders
2
Stuart Peltz
Stuart Peltz

Stuart Peltz

Stuart Peltz, Ph.D. founded PTC Therapeutics, Inc. in 1998 and has served as Chief Executive Officer and a member of the board of directors since the company's inception. Under his leadership, PTC has grown from a research organization based in the expertise of RNA processes and control to a publically traded company on NASDAQ focused on the discovery, development and commercialization of orally-administered, small-molecule treatments for genetic disorders, oncology and infectious diseases. Stuart Peltz is a recognized scientific leader in RNA biology in the area of post-transcriptional control processes involving mRNA turnover and translation, with more than 30 years of research and over 100 publications in this area. He and his team have shown the important interplay between the different RNA biology events that ultimately control protein production in the cell. He was involved in developing the first biochemical and genetic assays investigating the regulation of mRNA turnover subsequently demonstrating the strong connection between the processes of protein production and mRNA turnover. His work was instrumental in identifying and characterizing components of multiple mRNA decay and translation pathways. These findings have been translated to build novel drug discovery platforms and targets that allow PTC to search for potential new drugs to treat genetic disorders, oncology, and infectious diseases. Stuart Peltz’s development of the nonsense readthrough platform led to the discovery of the first approved drug for Duchenne muscular dystrophy in the European Union. Prior to founding PTC, Stuart Peltz was a Professor in the Department of Molecular Genetics & Microbiology at the Robert Wood Johnson Medical School, Rutgers University. Stuart Peltz has received a number of business and scientific awards. Notably, he was elected as a Fellow of the American Academy for the Advancement of Science in 2010. He received the 2014 Stuart Sol J. Barer Award for Vision Innovation and Leadership and was recognized as PharmaVoice’s 100 Most Inspiring People in 2009. He is a member of the board of directors for the Biotechnology Industry Organization (BIO) and serves on BIO’s Emerging Companies Section Governing Board. Stuart Peltz received a Ph.D. from the McArdle Laboratory for Cancer Research at the University of Wisconsin.

current job

PTC Therapeutics
PTC Therapeutics

organization founded

1

Stuart Peltz

Allan Jacobson

Allan Jacobson, Ph.D. is a co-founder of PTC and has served as a member of the board of directors since the company's inception in 1998, and previously served as Chairman of our board of directors from 1998 to 2004. Since 2000, Dr. Jacobson has served as Chairman of the scientific advisory board. Since 1994, Dr. Jacobson has been the Chairman of the Department of Microbiology and Physiological Systems at the University of Massachusetts Medical School. In 1982, Dr. Jacobson co-founded Applied bioTechnology, Inc., a biotechnology company, and served as its chairman until its sale in 1991. From 1987 to 1990, Dr. Jacobson served as special limited partner at Euclid Partners, a venture capital firm. Dr. Jacobson received a Ph.D. from Brandeis University in 1971, has authored over 100 publications in the field of post-transcriptional control processes and is an elected member of the American Academy of Microbiology.

current job

PTC Therapeutics
PTC Therapeutics

organization founded

2

Allan Jacobson

Employee Profiles
195
Mary Ann Johnston

Mary Ann Johnston

VP, Global Project Lead

James Finnegan

Associate manager, infrastructure and network

Quintus Ngumah

Vice president and head of early clinical development

Matthew Klein

Matthew Klein

Chief Development Officer

Anthony Mazzotti

Senior scientist, chemistry

Michelle Durcholz

Manager, quality operations - training

Rauful Alam

Senior scientist

Christopher Delagrange

Senior director, commercial development

Activity

Recent News
29
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