Ptc Therapeutics Announces Strategic Financing Collaboration With Blackstone With Up To $1 Billion In Funding
Round Type
Funding Round
South PlainfieldBiotechnologyDescription
PTC Therapeutics, Inc. (NASDAQ: PTCT) today announced that it has entered into a strategic financing collaboration with funds managed by Blackstone (NYSE: BX) to support its mission to reach a steady-state of delivering at least one therapy every 2-3 years to continue to bring transformative medicines to patients globally. As part of the collaboration, funds managed by Blackstone Life Sciences and Blackstone Credit will provide PTC with an initial $500 million commitment, including $350 million in low-cost, low-dilution capital at close.
Quick answer
PTC Therapeutics raised an undisclosed amount in a Funding Round round, dated October 27, 2022. PTC Therapeutics is based in South Plainfield, New Jersey, United States.
- How much did PTC Therapeutics raise?
- PTC Therapeutics raised an undisclosed amount in a Funding Round round on October 27, 2022.
- What does PTC Therapeutics do?
- PTC Therapeutics is a biopharmaceutical company that engages in the discovery, development and commercialization of small-molecule drugs.
- Where is PTC Therapeutics based and how big is it?
- PTC Therapeutics is based in South Plainfield, New Jersey, United States. Fundz records about 7,600 employees.
- Who are the decision-makers at PTC Therapeutics?
- Fundz holds 2 contacts at PTC Therapeutics, including the Chief Operating Officer . Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Biotechnology around the same time
Companies in the same sectors as PTC Therapeutics that raised within 45 days of this round, from Fundz verified event records.
- Membrion raised $7M on December 9, 2022.
- Launchpad Therapeutics raised $10M on December 9, 2022.
- Aer Therapeutics raised $16M on December 9, 2022.
- Eigen raised an undisclosed amount (Funding Round) on December 8, 2022.
- Ubie raised an undisclosed amount (Series C) on December 8, 2022.
- Vevo Therapeutics raised $12M (Seed) on December 8, 2022.
Who to call at PTC Therapeutics, and when
A new round usually means PTC Therapeutics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day PTC Therapeutics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at PTC Therapeutics, from your own LinkedIn network
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Related People
PTC Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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