PTC Therapeutics Closes $60 Million Private Financing

March 7, 2013

Funds to support Phase 3 confirmatory trials of ataluren-

SOUTH PLAINFIELD, NJ – March 7, 2013 – PTC Therapeutics, Inc. (PTC) today announced the successful completion of a $60 million financing led by Brookside Capital Partners Fund, L.P. Joining Brookside as new investors in this financing are Adage Capital Management, Jennison Associates L.L.C. (on behalf of fund clients), Longwood Fund and additional top-tier institutional investors. In conjunction with the investment, Adam Koppel, M.D., Ph.D., Managing Director of Brookside Capital Partners Fund, L.P., and Richard Aldrich, Co-founder and Partner of Longwood Fund, will join PTC’s Board of Directors. Credit Suisse First Boston, HBM Healthcare Investments Ltd., Vulcan Capital, Celgene, Delphi Ventures, Novo A/S, The Column Group and other existing investors also participated in the transaction.

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Categories: Venture Capital

Author:NJ Tech Council

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