PTC THERAPEUTICS, INC.
For the period ended Nov 3, 2026. Filed Nov 3, 2026.
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Nov 3, 2026 · Filed Nov 3, 2026
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EX-99.1 · Share Repurchase Program
Share Repurchase Program
WARREN, N.J., Nov. 3, 2026 – PTC Therapeutics, Inc., (NASDAQ: PTCT) today announced that its Board of Directors has authorized a share repurchase program under which PTC may repurchase up to $500 million of the Company’s outstanding shares of common stock, subject to market conditions.
“The share repurchase program reflects our deep conviction in the strength of the Company and the prospects for near- and long-term growth,” said Matthew B. Klein, M.D., Chief Executive Officer. “We are investing in PTC at a time when our shares provide a compelling opportunity while still maintaining the financial flexibility to support existing programs and pursue potential value creative business development transactions.”
Under the authorization, share repurchases may be made from time to time at management's discretion through a variety of methods, such as open-market transactions including pre-set trading plans, privately negotiated transactions, accelerated share repurchases, and other transactions in accordance with applicable securities laws.
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