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Monday, January 11, 2021

PTC Updatse on R&D Pipeline, Commercial Progress at JPM

  ~$333 million preliminary unaudited 2020 total net product revenue representing 14% year-over-year growth -

- Huntington splicing program healthy volunteer data expected 1H 2021 -

- Multiple late-stage clinical programs advancing with six registration-directed trials -

- 2021 Duchenne franchise revenue guidance of $355-$375 million -

2021 Financial Guidance:

  • PTC anticipates full year net product revenues for the DMD franchise to be between $355 and $375 million.
  • PTC anticipates GAAP R&D and SG&A expense for the full year 2021 to be between $825 and $855 million.
  • PTC anticipates Non-GAAP R&D and SG&A expense for the full year 2021 to be between $725 and $755 million, excluding estimated non-cash, stock-based compensation expense of approximately $100 million.

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