PTC Therapeutics signs up to $2.9 billion licensing deal with Novartis-March 2024-www.financetom.com

PTC Therapeutics signs up to $2.9 billion licensing deal with Novartis

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PTC Therapeutics signs up to $2.9 billion licensing deal with Novartis

Dec 2, 2024 4:28 AM

Dec 2 (Reuters) - PTC Therapeutics ( PTCT ) has entered

into a licensing deal with a unit of Novartis AG for up

to $2.9 billion, the company said on Monday, for its

experimental drug being developed for a rare neurological

disorder.

(Reporting by Mariam Sunny in Bengaluru; Editing by Sriraj

Kalluvila)

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