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BRIEF-PTC Therapeutics to buy Emflaza

March 16 PTC Therapeutics Inc:

* PTC Therapeutics announces agreement to acquire Emflaza™ for the treatment of duchenne muscular dystrophy in U.S.

* PTC Therapeutics Inc- transaction is expected to be accretive to both earnings and cash flow beginning in 2018

* PTC Therapeutics Inc - deal comprised of approximately $75 million in cash and approximately $65 million in PTC common stock

* PTC Therapeutics Inc- in addition, marathon has opportunity to receive a single $50 million sales-based milestone

* PTC Therapeutics Inc - deal for $140 million upfront consideration

* PTC Therapeutics Inc - Marathon is also entitled to receive payments from ptc based on annual net sales of emflaza beginning in 2018

* PTC Therapeutics Inc- has entered into an asset purchase agreement with Marathon Pharmaceuticals, Llc to acquire all rights to emflaza Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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