Baker Bros. Advisors PTCT Position
Exited8-Fund ConvergenceBaker Bros. Advisors exited their position in PTC Therapeutics Inc. (PTCT) in Q1 2025, after holding the stock for 2 quarters.
The position was first reported in Q4 2024 and has been tracked across 2 quarterly 13F filings.
PTCT is a convergence signal: 8 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 3 readout for PTC923 in 75 days (Jun 30, 2026), making the timing of Baker Bros.'s position particularly relevant.
Short interest stands at 12.2% of float with 7.2 days to cover, indicating significant bearish positioning against the stock.
About PTC Therapeutics Inc.
PTC Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of medicines to patients with rare disorders. Its portfolio pipeline includes commercial products and product candidates in various stages of development, including clinical, pre-clinical and research and discovery stages, focuses on the development of treatments for multiple therapeutic areas, such as rare diseases. The company offers Translarna and Emflaza for the treatment of Duchenne muscular dystrophy in the European Economic Area and the United States, as well as to treat nonsense mutation Duchenne muscular dystrophy in Brazil and Russia; commercializes Tegsedi and Waylivra for the treatment of rare diseases in Latin America and the Caribbean; and markets Evrysdi for the treatment of spinal muscular atrophy in adults and children two months and older in Brazil. The company's splicing platform includes PTC518, which is being developed for the treatment of Huntington's disease. PTC Therapeutics, Inc. has collaborations with F. Hoffman-La Roche Ltd and Hoffman-La Roche Inc., as well as the Spinal Muscular Atrophy Foundation to advance drug discovery and development research in regenerative medicine; and Akcea Therapeutics, Inc. to commercialize Tegsedi and Waylivra for the treatment of rare diseases in Latin America and the Caribbean. PTC Therapeutics, Inc. was incorporated in 1998 and is headquartered in South Plainfield, New Jersey.
Full company profile →Short Interest
12.2%
7.2 days to cover
Baker Bros. Advisors PTCT Position History
Frequently Asked Questions
Does Baker Bros. Advisors own PTCT?
No. Baker Bros. Advisors exited their position in PTC Therapeutics Inc. (PTCT) in Q1 2025. They previously held the stock for 2 quarters.
How many hedge funds own PTCT?
8 specialist biotech hedge funds currently hold PTCT, including RTW Investments, Tang Capital Management, Driehaus Capital and 5 more. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Baker Bros. Advisors first buy PTCT?
Baker Bros. Advisors's position in PTCT was first reported in Q4 2024. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Baker Bros. Advisors's PTCT position increasing or decreasing?
Baker Bros. Advisors completely exited their PTCT position in the most recent quarter.
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