2014 Q1 Form 10-K Financial Statement
#000104746914001914 Filed on March 06, 2014
Income Statement
Concept | 2014 Q1 | 2013 Q4 | 2013 Q3 |
---|---|---|---|
Revenue | $9.217M | $4.411M | $16.29M |
YoY Change | 29.05% | -33.57% | 126.4% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $7.500M | $7.500M | $6.700M |
YoY Change | 66.67% | 134.38% | 76.32% |
% of Gross Profit | |||
Research & Development | $15.89M | $15.00M | $13.89M |
YoY Change | 41.15% | 57.89% | 32.67% |
% of Gross Profit | |||
Depreciation & Amortization | $588.0K | $590.0K | $590.0K |
YoY Change | -5.92% | -9.23% | -11.94% |
% of Gross Profit | |||
Operating Expenses | $23.43M | $22.50M | $20.57M |
YoY Change | 49.06% | 77.55% | 44.31% |
Operating Profit | -$14.21M | -$18.09M | -$4.276M |
YoY Change | 65.72% | 199.82% | -39.4% |
Interest Expense | $171.0K | $200.0K | $26.70K |
YoY Change | -102.78% | -200.0% | -110.79% |
% of Operating Profit | |||
Other Income/Expense, Net | -$57.00K | $0.00 | -$37.62K |
YoY Change | -205.56% | -783.06% | |
Pretax Income | -$14.10M | -$17.90M | -$4.400M |
YoY Change | -4.08% | 184.13% | -39.73% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$14.10M | -$17.89M | -$4.416M |
YoY Change | -3.99% | 185.17% | -39.48% |
Net Earnings / Revenue | -152.96% | -405.5% | -27.11% |
Basic Earnings Per Share | -$0.75 | -$0.19 | |
Diluted Earnings Per Share | -$575.5K | -$0.75 | -$0.19 |
COMMON SHARES | |||
Basic Shares Outstanding | 30.08M shares | 24.92M shares | 23.80M shares |
Diluted Shares Outstanding | 23.80M shares |
Balance Sheet
Concept | 2014 Q1 | 2013 Q4 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $246.6M | $142.5M | $157.2M |
YoY Change | 391.24% | 5127.44% | |
Cash & Equivalents | $115.9M | $15.41M | $24.04M |
Short-Term Investments | $130.7M | $127.1M | $133.2M |
Other Short-Term Assets | $2.000M | $1.600M | $2.100M |
YoY Change | 122.22% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | $800.0K | $1.000M | $800.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $249.4M | $145.0M | $160.1M |
YoY Change | 378.66% | 3055.94% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.328M | $6.730M | $6.943M |
YoY Change | -17.82% | -18.72% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $100.0K | $100.0K | $200.0K |
YoY Change | -50.0% | ||
Total Long-Term Assets | $6.460M | $6.879M | $7.106M |
YoY Change | -17.18% | -18.85% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $249.4M | $145.0M | $160.1M |
Total Long-Term Assets | $6.460M | $6.879M | $7.106M |
Total Assets | $255.8M | $151.9M | $167.2M |
YoY Change | 327.11% | 1062.02% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $387.0K | $1.124M | $1.017M |
YoY Change | 29.0% | 80.83% | |
Accrued Expenses | $2.100M | $5.100M | $3.100M |
YoY Change | -48.78% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $12.00K | $49.00K | $84.23K |
YoY Change | -99.68% | -98.9% | |
Total Short-Term Liabilities | $9.239M | $13.13M | $13.92M |
YoY Change | -66.16% | -53.36% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $2.259M | $2.227M | $2.290M |
YoY Change | -24.7% | -12.66% | |
Total Long-Term Liabilities | $2.259M | $2.227M | $2.290M |
YoY Change | -24.7% | -25.48% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $9.239M | $13.13M | $13.92M |
Total Long-Term Liabilities | $2.259M | $2.227M | $2.290M |
Total Liabilities | $11.50M | $15.36M | $16.21M |
YoY Change | -62.05% | -51.83% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$342.9M | -$328.8M | -$310.9M |
YoY Change | 18.6% | ||
Common Stock | $30.00K | $24.00K | $24.34K |
YoY Change | 4303.67% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $244.3M | $136.5M | $151.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $255.8M | $151.9M | $167.2M |
YoY Change | 327.11% | 1062.02% |
Cashflow Statement
Concept | 2014 Q1 | 2013 Q4 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$14.10M | -$17.89M | -$4.416M |
YoY Change | -3.99% | 185.17% | -39.48% |
Depreciation, Depletion And Amortization | $588.0K | $590.0K | $590.0K |
YoY Change | -5.92% | -9.23% | -11.94% |
Cash From Operating Activities | -$13.44M | -$14.46M | -$5.180M |
YoY Change | 71.21% | 30.98% | -16.45% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $186.0K | -$380.0K | -$370.0K |
YoY Change | 785.71% | 3700.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$4.080M | $6.240M | -$121.6M |
YoY Change | |||
Cash From Investing Activities | -$4.270M | $5.870M | -$122.0M |
YoY Change | 21250.0% | -58800.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $37.00K | ||
YoY Change | -96.54% | ||
Cash From Financing Activities | 118.2M | -30.00K | -2.860M |
YoY Change | 113.31% | -95.71% | 81.01% |
NET CHANGE | |||
Cash From Operating Activities | -13.44M | -14.46M | -5.180M |
Cash From Investing Activities | -4.270M | 5.870M | -122.0M |
Cash From Financing Activities | 118.2M | -30.00K | -2.860M |
Net Change In Cash | 100.4M | -8.620M | -130.1M |
YoY Change | 111.36% | -26.64% | 1571.72% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$13.44M | -$14.46M | -$5.180M |
Capital Expenditures | $186.0K | -$380.0K | -$370.0K |
Free Cash Flow | -$13.63M | -$14.08M | -$4.810M |
YoY Change | 73.12% | 27.65% | -22.42% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6597861 | USD |
CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6068072 | USD |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7297125 | USD |
CY2012Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6272044 | USD |
CY2012Q2 | us-gaap |
Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
|
159954069 | USD |
CY2012Q2 | us-gaap |
Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
|
377787 | USD |
CY2012Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-6597861 | USD |
CY2012Q2 | us-gaap |
Profit Loss
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153508210 | USD |
CY2012Q3 | us-gaap |
Profit Loss
ProfitLoss
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-7297125 | USD |
CY2012Q4 | us-gaap |
Profit Loss
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|
-6272044 | USD |
CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1599200 | USD |
CY2013Q4 | ptct |
Grant And Other Receivables
GrantAndOtherReceivables
|
957722 | USD |
CY2013Q4 | ptct |
Deposits And Other Assets Noncurrent
DepositsAndOtherAssetsNoncurrent
|
149008 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
48622 | USD |
CY2013Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
877434 | USD |
CY2013Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2226970 | USD |
CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
24344 | USD |
CY2013Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
465245968 | USD |
CY2013 | ptct |
Collaboration Revenue
CollaborationRevenue
|
31326117 | USD |
CY2013 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
25218652 | USD |
CY2013 | us-gaap |
Revenue From Grants
RevenueFromGrants
|
3370210 | USD |
CY2013 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
54875144 | USD |
CY2013 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-6083655 | USD |
CY2013 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
37512 | USD |
CY2013 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-51573575 | USD |
CY2013 | ptct |
Deemed Dividend
DeemedDividend
|
-18248768 | USD |
CY2013 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-37507 | USD |
CY2013 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
6048580 | USD |
CY2013 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8427188 | USD |
CY2013 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
760501 | USD |
CY2013 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-56091 | USD |
CY2013 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-48042 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
5183412 | USD |
CY2013 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-285242 | USD |
CY2013 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-16554980 | USD |
CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
845732 | USD |
CY2013 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
60785363 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
367065 | USD |
CY2013 | ptct |
Change In Carrying Value Of Preferred Securities Resulting From Recapitalization
ChangeInCarryingValueOfPreferredSecuritiesResultingFromRecapitalization
|
3390750 | USD |
CY2011 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
700000 | USD |
CY2013 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Concentration of risks</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has no significant off-balance sheet risk or credit risk concentrations. The Company maintains its cash and cash equivalents with various financial institutions. The Company maintains cash accounts that may at times exceed the federally insured limit; however, it has not experienced and does not anticipate experiencing any credit losses from maintaining cash accounts in excess of such limits.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company's revenues from its two largest collaboration partners and its largest grant as a percentage of total revenues were 80%, 10%, and 8%; 67%, 11%, and 9%; 85%, 8%, and 3%, for 2013, 2012, and 2011, respectively.</font></p> </div> | |
CY2012Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
559228 | USD |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-328798293 | USD |
CY2013 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | item |
CY2013 | ptct |
Concentration Risk Number Of Largest Collaboration Partners
ConcentrationRiskNumberOfLargestCollaborationPartners
|
2 | item |
CY2012Q4 | ptct |
Deferred Research And Development Costs
DeferredResearchAndDevelopmentCosts
|
200000 | USD |
CY2013 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2013 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-66431593 | USD |
CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
20286422 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8280037 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6729364 | USD |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
22682827 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
28566459 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
29412191 | USD |
CY2012 | us-gaap |
Depreciation
Depreciation
|
2704151 | USD |
CY2013 | us-gaap |
Depreciation
Depreciation
|
2396405 | USD |
CY2012Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3096475 | USD |
CY2012Q4 | ptct |
Accrued Consulting And Contracted Research Current
AccruedConsultingAndContractedResearchCurrent
|
2515678 | USD |
CY2012Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
621591 | USD |
CY2012Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
230999 | USD |
CY2012Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
7023971 | USD |
CY2013Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
5102795 | USD |
CY2013Q4 | ptct |
Accrued Consulting And Contracted Research Current
AccruedConsultingAndContractedResearchCurrent
|
4006336 | USD |
CY2013Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1294637 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1123895 | USD |
CY2013Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
679720 | USD |
CY2013Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
12207383 | USD |
CY2013Q3 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
2600000 | USD |
CY2013 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-129963 | USD |
CY2013 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2011Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.001 | |
CY2011Q4 | ptct |
Number Of Members Of Board Of Directors Who Can Be Elected By Holders Of Preferred Stock Voting As Single Class
NumberOfMembersOfBoardOfDirectorsWhoCanBeElectedByHoldersOfPreferredStockVotingAsSingleClass
|
6 | item |
CY2012Q3 | us-gaap |
Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
|
160000000 | USD |
CY2013Q1 | ptct |
Proceeds From Issuance Of Convertible Preferred Stock And Short Term Debt
ProceedsFromIssuanceOfConvertiblePreferredStockAndShortTermDebt
|
60000000 | USD |
CY2013 | us-gaap |
Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
|
3390750 | USD |
CY2012 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
600000 | shares |
CY2011 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1300000 | shares |
CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26235102 | USD |
CY2012 | us-gaap |
Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
|
159954069 | USD |
CY2012 | us-gaap |
Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
|
377787 | USD |
CY2012 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
132600000 | USD |
CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
731262 | USD |
CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3328 | shares |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
13877 | shares |
CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17205 | shares |
CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
219.76 | |
CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
42.50 | |
CY2013 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-51573575 | USD |
CY2011 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
30900000 | USD |
CY2011 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
26069 | USD |
CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12829411 | shares |
CY2011 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4640 | shares |
CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12829411 | shares |
CY2013 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.18 | |
CY2013 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5.18 | |
CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2288392 | USD |
CY2013 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8427188 | USD |
CY2013Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
21600000 | USD |
CY2013 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y5M26D | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.3400 | pure |
CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.3400 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.3400 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0565 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0380 | pure |
CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0420 | pure |
CY2013 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
100000 | USD |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0200 | pure |
CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0160 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.4963 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.3580 | pure |
CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.4590 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0000 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0000 | pure |
CY2011 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0930 | pure |
CY2011 | ptct |
Income Tax Benefit On Sale Of Operating Loss And Research And Development Credit
IncomeTaxBenefitOnSaleOfOperatingLossAndResearchAndDevelopmentCredit
|
2300000 | USD |
CY2013Q4 | ptct |
Deferred Tax Assets Amortization
DeferredTaxAssetsAmortization
|
80387 | USD |
CY2012Q4 | ptct |
Deferred Tax Assets Amortization
DeferredTaxAssetsAmortization
|
91871 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
1922332 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
1535952 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
332539 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
1208846 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
350447 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
6962506 | USD |
CY2013Q4 | ptct |
Deferred Tax Assets Tax Credit Federal
DeferredTaxAssetsTaxCreditFederal
|
14081615 | USD |
CY2012Q4 | ptct |
Deferred Tax Assets Tax Credit Federal
DeferredTaxAssetsTaxCreditFederal
|
5383092 | USD |
CY2013Q4 | ptct |
Deferred Tax Assets Tax Credit State
DeferredTaxAssetsTaxCreditState
|
1587217 | USD |
CY2012Q4 | ptct |
Deferred Tax Assets Tax Credit State
DeferredTaxAssetsTaxCreditState
|
1094833 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
88187475 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
71752278 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
10456688 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
7619606 | USD |
CY2013Q4 | ptct |
Deferred Tax Assets Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetsDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
12254381 | USD |
CY2012Q4 | ptct |
Deferred Tax Assets Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetsDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
10479055 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
3211720 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
742341 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
132464801 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
106870380 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
132464801 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
106870380 | USD |
CY2012 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-9400000 | USD |
CY2013 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-25600000 | USD |
CY2013Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2011 | us-gaap |
Operating Expenses
OperatingExpenses
|
74830150 | USD |
CY2013 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
700000 | USD |
CY2012 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
700000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
890000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
849000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
849000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
849000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
952000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
162000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
4551000 | USD |
CY2013 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
|
0.20 | pure |
CY2013 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.05 | pure |
CY2012 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
200000 | USD |
CY2011 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
200000 | USD |
CY2013 | dei |
Entity Registrant Name
EntityRegistrantName
|
PTC THERAPEUTICS, INC. | |
CY2013 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001070081 | |
CY2013 | dei |
Document Type
DocumentType
|
10-K | |
CY2013 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-12-31 | |
CY2013 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2013 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2013 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2013 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2013 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2013Q2 | dei |
Entity Public Float
EntityPublicFloat
|
260280900 | USD |
CY2014Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
30076773 | shares |
CY2013 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
CY2013 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2725702 | USD |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
855750 | USD |
CY2012Q4 | ptct |
Grant And Other Receivables
GrantAndOtherReceivables
|
1013813 | USD |
CY2012Q4 | us-gaap |
Assets Current
AssetsCurrent
|
4595265 | USD |
CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
145024449 | USD |
CY2012Q4 | ptct |
Deposits And Other Assets Noncurrent
DepositsAndOtherAssetsNoncurrent
|
197050 | USD |
CY2012Q4 | us-gaap |
Assets
Assets
|
13072352 | USD |
CY2013Q4 | us-gaap |
Assets
Assets
|
151902821 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
4444171 | USD |
CY2012Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
16690747 | USD |
CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
28158889 | USD |
CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
13133439 | USD |
CY2012Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
741667 | USD |
CY2012Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2549719 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
438810 | USD |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
31889085 | USD |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
15360409 | USD |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
131649688 | USD |
CY2013 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
4995763 | USD |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
545 | USD |
CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
177583672 | USD |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-277224718 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
136542412 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-99640501 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
151902821 | USD |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
13072352 | USD |
CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
125000000 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
17000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
23803282 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
23803282 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4526 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4526 | shares |
CY2013 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
34696327 | USD |
CY2012 | ptct |
Collaboration Revenue
CollaborationRevenue
|
28779078 | USD |
CY2012 | us-gaap |
Revenue From Grants
RevenueFromGrants
|
5166985 | USD |
CY2012 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
33946063 | USD |
CY2011 | ptct |
Collaboration Revenue
CollaborationRevenue
|
98960851 | USD |
CY2011 | us-gaap |
Revenue From Grants
RevenueFromGrants
|
6451296 | USD |
CY2011 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
105412147 | USD |
CY2012 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
46138868 | USD |
CY2012 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
14615376 | USD |
CY2012 | us-gaap |
Operating Expenses
OperatingExpenses
|
60754244 | USD |
CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-26808181 | USD |
CY2012 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-1209577 | USD |
CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-26235102 | USD |
CY2011 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
28598938 | USD |
CY2011 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
58677081 | USD |
CY2011 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
16153069 | USD |
CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
30581997 | USD |
CY2011 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-2444417 | USD |
CY2011 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2305576 | USD |
CY2011 | us-gaap |
Net Income Loss
NetIncomeLoss
|
30904514 | USD |
CY2012 | us-gaap |
Profit Loss
ProfitLoss
|
133341180 | USD |
CY2011 | us-gaap |
Profit Loss
ProfitLoss
|
30904514 | USD |
CY2011 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
23.95 | |
CY2011 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.55 | |
CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1089 | shares |
CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5729 | shares |
CY2013 | us-gaap |
Operating Expenses
OperatingExpenses
|
80093796 | USD |
CY2013 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-45397469 | USD |
CY2013 | us-gaap |
Profit Loss
ProfitLoss
|
-66431593 | USD |
CY2011 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
461358 | USD |
CY2012 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1782656 | USD |
CY2011 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-3606 | USD |
CY2012 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-26235102 | USD |
CY2011 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
30900908 | USD |
CY2013 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-51503182 | USD |
CY2011 | us-gaap |
Depreciation
Depreciation
|
2871200 | USD |
CY2012 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-1782655 | USD |
CY2011 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-461947 | USD |
CY2012 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
225730 | USD |
CY2011 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
416612 | USD |
CY2012 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2288392 | USD |
CY2011 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2816637 | USD |
CY2012 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-2452430 | USD |
CY2011 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1355123 | USD |
CY2012 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-230315 | USD |
CY2011 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-2052550 | USD |
CY2012 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-83817 | USD |
CY2011 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-214345 | USD |
CY2012 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-6025483 | USD |
CY2011 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3159711 | USD |
CY2012 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
102757 | USD |
CY2011 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-67151 | USD |
CY2012 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-21972143 | USD |
CY2011 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-54998713 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-47927791 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-20766787 | USD |
CY2012 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
188681 | USD |
CY2011 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
165116 | USD |
CY2013 | ptct |
Change In Unrealized Loss On Marketable Securities
ChangeInUnrealizedLossOnMarketableSecurities
|
70393 | USD |
CY2011 | ptct |
Change In Unrealized Loss On Marketable Securities
ChangeInUnrealizedLossOnMarketableSecurities
|
-3606 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-188681 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
27703048 | USD |
CY2012 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
6943988 | USD |
CY2011 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
7185610 | USD |
CY2012 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
29354752 | USD |
CY2011 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
5889 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
22410764 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-7179721 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-25705708 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-243460 | USD |
CY2012 | us-gaap |
Interest Paid
InterestPaid
|
1211764 | USD |
CY2011 | us-gaap |
Interest Paid
InterestPaid
|
2486682 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
12688701 | USD |
CY2012 | ptct |
Change In Carrying Value Of Preferred Securities Resulting From Recapitalization
ChangeInCarryingValueOfPreferredSecuritiesResultingFromRecapitalization
|
159954069 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
187439288 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-46922124 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-127828463 | USD |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
28674870 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
28431410 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
15414403 | USD |
CY2013 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Use of estimates</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> </div> | |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-238604689 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-272328123 | USD |
CY2011 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
5889 | USD |
CY2012 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
2956829 | USD |
CY2012 | ptct |
Adjustments To Additional Paid In Capital Decrease In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalDecreaseInCarryingAmountOfRedeemablePreferredStock
|
159954069 | USD |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2288392 | USD |
CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2816637 | USD |
CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8427188 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
70393 | USD |
CY2013 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>1. The Company</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        PTC Therapeutics, Inc. (the Company or PTC) was incorporated as a Delaware corporation on March 31, 1998. The Company is a biopharmaceutical company focused on the discovery and development of orally administered, proprietary small-molecule drugs that target post-transcriptional control processes.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        The Company has devoted substantially all of its efforts to research and development, including clinical trials. The Company has not completed development of any drugs. The Company has not generated product revenue to date and is subject to a number of risks similar to those of other early stage companies, including dependence on key individuals, the difficulties inherent in the development of commercially usable products, the potential need to obtain additional capital necessary to fund the development of its products, and competition from other companies. As of December 31, 2013, the Company had an accumulated deficit of approximately $328.8 million. The Company has financed its operations to date primarily through a public offering in February 2014, its initial public offering in June 2013 (see note 7 below), private placements of its convertible preferred stock, collaborations, bank debt, convertible debt financings, grant funding and clinical trial support from governmental and philanthropic organizations and patient advocacy groups in the disease area addressed by the Company's product candidates. The Company believes that its existing cash, cash equivalents, and marketable securities provide for sufficient resources to fund its currently planned operations through 2016.</font></p> </div> | |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
70393 | USD |
CY2013Q4 | ptct |
Fair Value Assets Transfers Between Level1 And Level2 Amount
FairValueAssetsTransfersBetweenLevel1AndLevel2Amount
|
0 | USD |
CY2013Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-6527.30 | |
CY2013Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.51 | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.19 | |
CY2013Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.75 | |
CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5992.61 | |
CY2012Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
168.00 | |
CY2012Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1605.53 | |
CY2012Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1380.13 | |
CY2013Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-6527.30 | |
CY2013Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5.51 | |
CY2013 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
156044515 | USD |
CY2011 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
2019163 | USD |
CY2013 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
29061784 | USD |
CY2011 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
29887327 | USD |
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.19 | |
CY2013Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.75 | |
CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5992.61 | |
CY2012Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
48.29 | |
CY2012Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1605.53 | |
CY2012Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1380.13 | |
CY2013Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
2095592 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
146340 | shares |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
|
600000 | USD |
CY2011 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2816637 | USD |
CY2011 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-3606 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
70393 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
70393 | USD |
CY2013 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2077 | USD |
CY2012 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2000 | USD |
CY2011 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2077 | USD |
CY2010Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
3606 | USD |
CY2013 | ptct |
Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
|
-0.0590 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
0.1588 | pure |
CY2013Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7141664 | USD |
CY2013Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6854212 | USD |
CY2013Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
16289573 | USD |
CY2013Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
4410878 | USD |
CY2013Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
15718073 | USD |
CY2013Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
21307148 | USD |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
20565188 | USD |
CY2013Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
22503387 | USD |
CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8576409 | USD |
CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-14452936 | USD |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4275615 | USD |
CY2013Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18092509 | USD |
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14684535 | USD |
CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14586578 | USD |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4416499 | USD |
CY2013Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17885963 | USD |
CY2013Q1 | ptct |
Deemed Dividend
DeemedDividend
|
-18248768 | USD |
CY2013Q1 | us-gaap |
Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
|
3390750 | USD |
CY2013Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-29542553 | USD |
CY2013Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-14586578 | USD |
CY2013Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-4416499 | USD |
CY2013Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-17885963 | USD |
CY2012Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
12525720 | USD |
CY2012Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7585177 | USD |
CY2012Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7195076 | USD |
CY2012Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6640090 | USD |
CY2012Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
18745957 | USD |
CY2012Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
15083384 | USD |
CY2012Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
14250383 | USD |
CY2012Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
12674520 | USD |
CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6220237 | USD |
CY2012Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7498207 | USD |
CY2012Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7055307 | USD |
CY2012Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6034430 | USD |
CY2013Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
127053124 | USD |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
126982731 | USD |
CY2013 | us-gaap |
Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
|
101888 | USD |
CY2013 | us-gaap |
Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
|
31495 | USD |
CY2013Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
127053124 | USD |
CY2012Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
0 | USD |
CY2013Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
69156819 | USD |
CY2013Q4 | ptct |
Available For Sale Securities Debt Maturities Over One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesOverOneYearAmortizedCost
|
57896305 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
131649688 | USD |
CY2013 | ptct |
Adjustments To Additional Paid In Capital Decrease In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalDecreaseInCarryingAmountOfRedeemablePreferredStock
|
-14857927 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
162467146 | USD |