• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 15, 2026

2

Current price of silver as of Monday, June 15, 2026

3

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

1

Current price of oil as of June 15, 2026

2

Current price of silver as of Monday, June 15, 2026

3

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
HealthBrainstorm Health

Why This Controversial Biotech Stock Just Soared More Than 88%

By
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
By
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
November 11, 2016, 7:02 PM ET
Trading On The Floor Of The NYSE As U.S. Stocks Slide Amid Speculation On Tighter Monetary Policy
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 9, 2016. U.S. stocks fell the most since Britain voted to leave the European Union, after a Federal Reserve official signaled more willingness to raise interest rates.Photograph by Michael Nagle—Bloomberg via Getty Images
Add Fortune on Google for similar content.

PTC Therapeutics shares closed up more than 88% in Friday trading, in a decidedly non-Donald Trump related stock market surprise.

European regulators have decided to allow Translarna, PTC’s controversial treatment for the deadly genetic rare disease Duchenne muscular dystrophy, to remain on the market on a conditional basis.

Subscribe to Brainstorm Health Daily, our brand new newsletter about health innovations.

It’s a controversial proposition given that the therapy hasn’t shown significant efficacy in clinical trials. In fact, many analysts expected that the drug wouldn’t be allowed to remain on the market, and the Food and Drug Administration has eschewed its regulatory application in the U.S.

But the EU advisory body recommended that the European Medicines Agency (EMA) allow sales to continue provided that PTC (PTCT) performs larger studies proving Translarna’s effectiveness. (The studies wouldn’t conclude until 2021, giving PTC plenty of time to remain on the market provisionally.)

The Sectors That Could Benefit From Trump’s Presidency

Medicines for rare diseases and unmet medical needs have presented a fascinating quandary for regulatory bodies, which must balance empirical judgments on efficacy and safety with more subjective political and, well, emotional considerations.

And Duchenne has become a particularly interesting case study on the matter. Earlier this year, the FDA gave a controversial approval to Sarepta’s (SRPT) Exondys 51, which also treats a form of DMD, following a concerted lobbying campaign by patient advocates despite little evidence of significant efficacy and plenty of controversy within the FDA’s staff.

About the Author
By Sy Mukherjee
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Health

‘It’s on us’: Luigi Mangione’s hearing delayed after DA failed to request him from jail
Lawcourts
‘It’s on us’: Luigi Mangione’s hearing delayed after DA failed to request him from jail
By Michael R. Sisak and The Associated PressJune 16, 2026
3 hours ago
Infant mortality in the U.S. fell to an all-time low in 2025 thanks to antibody shots and RSV vaccines
Healthlife expectancy
Infant mortality in the U.S. fell to an all-time low in 2025 thanks to antibody shots and RSV vaccines
By Mike Stobbe and The Associated PressJune 16, 2026
3 hours ago
mitch
North AmericaCongress
Mitch McConnell, 84, hospitalized with no details released; term ends in January
By The Associated PressJune 15, 2026
1 day ago
target
HealthRecalls
FDA recalls Nara Organics baby formula after infant botulism cases in 3 states
By The Associated PressJune 15, 2026
1 day ago
‘There simply isn’t enough product for the U.S. customer’: GLP-1 craze eats whey too much protein
RetailFood and drink
‘There simply isn’t enough product for the U.S. customer’: GLP-1 craze eats whey too much protein
By Dee-Ann Durbin and The Associated PressJune 14, 2026
2 days ago
Middle-aged adults taking GLP-1s for obesity can save over $192K on lifetime medical costs, higher if they don’t have college degrees, new study finds
HealthHealth
Middle-aged adults taking GLP-1s for obesity can save over $192K on lifetime medical costs, higher if they don’t have college degrees, new study finds
By Mia OsmonbekovJune 14, 2026
2 days ago

Most Popular

Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
1 day ago
Current price of silver as of Monday, June 15, 2026
Personal Finance
Current price of silver as of Monday, June 15, 2026
By Joseph HostetlerJune 15, 2026
1 day ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
1 day ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
1 day ago
Current price of gold as of June 15, 2026
Personal Finance
Current price of gold as of June 15, 2026
By Danny BakstJune 15, 2026
1 day ago
Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
Startups & Venture
Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
By Eva RoytburgJune 15, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.