SEC Comment Letter for PTC THERAPEUTICS, INC. (PTCT) (CIK 0001070081) (PTCT) — Oct 6, 2021
PTC THERAPEUTICS, INC. (PTCT) (CIK 0001070081)
Date: Oct. 6, 2021 · CIK: 0001070081 · Accession: 0000000000-21-012125
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File numbers found in text: 001-35969
Letter
United States securities and exchange commission logo October 6, 2021 Emily Hill Chief Financial Officer PTC Therapeutics, Inc. 100 Corporate Court South Plainfield, NJ 07080 Re:PTC Therapeutics, Inc. Form 10-K for the Fiscal Year Ended December 31, 2020 Response dated September 23, 2021 File No. 001-35969 Dear Ms. Hill: We have reviewed your September 23, 2021 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our August 26, 2021 letter. Form 10-K for the Fiscal Year Ended December 31, 2020 Management's Discussion and Analysis Results of Operations for the years ended December 31, 2020 and 2019 Net Product Revenue, page 153 1.We acknowledge your response to comment number 1, but respectively believe that disclosure of product revenue by each significant product would be useful information for an investor, even if there are only two products. Please confirm that you will provide disclosure in future filings. To the extent that one of the products is not generating significant product revenue, please state that fact. Also, revise to provide disaggregated information by product in your financial statements pursuant to ASC 606-10-55-89 through 55-91 or tell us how you have met the disclosure requirements.
FirstName LastNameEmily Hill Comapany NamePTC Therapeutics, Inc. October 6, 2021 Page 2 FirstName LastName Emily Hill PTC Therapeutics, Inc. October 6, 2021 Page 2 You may contact Gary Newberry at (202) 551-3761 or Mary Mast, Senior Accountant, at (202) 551-3613 with any questions. Sincerely, Division of Corporation Finance Office of Life Sciences
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United States securities and exchange commission logo
October 6, 2021
Emily Hill
Chief Financial Officer
PTC Therapeutics, Inc.
100 Corporate Court
South Plainfield, NJ 07080
Re:PTC Therapeutics, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2020
Response dated September 23, 2021
File No. 001-35969
Dear Ms. Hill:
We have reviewed your September 23, 2021 response to our comment letter and have the
following comments. In some of our comments, we may ask you to provide us with information
so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
August 26, 2021 letter.
Form 10-K for the Fiscal Year Ended December 31, 2020
Management's Discussion and Analysis
Results of Operations for the years ended December 31, 2020 and 2019
Net Product Revenue, page 153
1.We acknowledge your response to comment number 1, but respectively believe that
disclosure of product revenue by each significant product would be useful information for
an investor, even if there are only two products. Please confirm that you will provide
disclosure in future filings. To the extent that one of the products is not generating
significant product revenue, please state that fact. Also, revise to provide disaggregated
information by product in your financial statements pursuant to ASC 606-10-55-89
through 55-91 or tell us how you have met the disclosure requirements.
FirstName LastNameEmily Hill
Comapany NamePTC Therapeutics, Inc.
October 6, 2021 Page 2
FirstName LastName
Emily Hill
PTC Therapeutics, Inc.
October 6, 2021
Page 2
You may contact Gary Newberry at (202) 551-3761 or Mary Mast, Senior Accountant, at
(202) 551-3613 with any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences