Ultragenyx (RARE) Jumped 7.5% on FDA Approval. Can a $2.7 Million Gene Therapy Become a Commercial Success?
Ultragenyx (RARE) shares rose 7.5% after the FDA approved its gene therapy Genglycos for glycogen storage disease type Ia. The treatment, priced at $2.7M per patient, targets a rare disease affecting 1,500-2,500 Americans. The company reported Q2 revenue of $214M and $436M in cash reserves. Success hinges on patient access and reimbursement.



