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    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_F85343EB86F3EA719F592F8CFD93483D_totalLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_F85343EB86F3EA719F592F8CFD93483D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total future minimum lease payments</link:label>
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    <link:label id="lab_ptct_ConvertibleSeniorNotes3.0PercentDue2022Member_F496FC5C81EB700C63A4CE47271B4DB7_documentation_en-US" xlink:label="lab_ptct_ConvertibleSeniorNotes3.0PercentDue2022Member_F496FC5C81EB700C63A4CE47271B4DB7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the information pertaining to 3.00% convertible senior notes due 2022.</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentLineItems_C62732ACC374AE765B8ECE47271B19B6_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_C62732ACC374AE765B8ECE47271B19B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentLineItems_C62732ACC374AE765B8ECE47271B19B6_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_C62732ACC374AE765B8ECE47271B19B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_C62732ACC374AE765B8ECE47271B19B6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_F090F6F858070FD22388CE47271C5455_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_F090F6F858070FD22388CE47271C5455" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_F090F6F858070FD22388CE47271C5455_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_F090F6F858070FD22388CE47271C5455" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_F090F6F858070FD22388CE47271C5455" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount_F090F6F858070FD22388CE47271C5455" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount_F090F6F858070FD22388CE47271C5455" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_A997DC3213528BC59F93CE47271CE322_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_A997DC3213528BC59F93CE47271CE322" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Debt issuance costs</link:label>
    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_A997DC3213528BC59F93CE47271CE322_label_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_A997DC3213528BC59F93CE47271CE322" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unamortized Debt Issuance Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_UnamortizedDebtIssuanceExpense" xlink:label="loc_us-gaap_UnamortizedDebtIssuanceExpense_A997DC3213528BC59F93CE47271CE322" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnamortizedDebtIssuanceExpense_A997DC3213528BC59F93CE47271CE322" xlink:to="lab_us-gaap_UnamortizedDebtIssuanceExpense_A997DC3213528BC59F93CE47271CE322" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_2532A9A5F10B23F0999ACE47271CA88D_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_2532A9A5F10B23F0999ACE47271CA88D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Debt discount, net</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_2532A9A5F10B23F0999ACE47271CA88D_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_2532A9A5F10B23F0999ACE47271CA88D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscount_2532A9A5F10B23F0999ACE47271CA88D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnamortizedDiscount_2532A9A5F10B23F0999ACE47271CA88D" xlink:to="lab_us-gaap_DebtInstrumentUnamortizedDiscount_2532A9A5F10B23F0999ACE47271CA88D" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebt_8D72614D588F4F0CA715CE47271C2AA0_totalLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_8D72614D588F4F0CA715CE47271C2AA0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net carrying amount</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_8D72614D588F4F0CA715CE47271C2AA0_label_en-US" xlink:label="lab_us-gaap_LongTermDebt_8D72614D588F4F0CA715CE47271C2AA0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_8D72614D588F4F0CA715CE47271C2AA0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebt_8D72614D588F4F0CA715CE47271C2AA0" xlink:to="lab_us-gaap_LongTermDebt_8D72614D588F4F0CA715CE47271C2AA0" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_77B6FC98E488B84FA7EC264EE777D7C0_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_77B6FC98E488B84FA7EC264EE777D7C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_77B6FC98E488B84FA7EC264EE777D7C0_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_77B6FC98E488B84FA7EC264EE777D7C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_77B6FC98E488B84FA7EC264EE777D7C0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PlanNameAxis_E818F2D0478092EEA80B264EE7776B6F_terseLabel_en-US" xlink:label="lab_us-gaap_PlanNameAxis_E818F2D0478092EEA80B264EE7776B6F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plan Name [Axis]</link:label>
    <link:label id="lab_us-gaap_PlanNameAxis_E818F2D0478092EEA80B264EE7776B6F_label_en-US" xlink:label="lab_us-gaap_PlanNameAxis_E818F2D0478092EEA80B264EE7776B6F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="loc_us-gaap_PlanNameAxis_E818F2D0478092EEA80B264EE7776B6F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PlanNameDomain_36CE61AFC9D8BA9C5322264EE7777C5F_terseLabel_en-US" xlink:label="lab_us-gaap_PlanNameDomain_36CE61AFC9D8BA9C5322264EE7777C5F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plan Name [Domain]</link:label>
    <link:label id="lab_us-gaap_PlanNameDomain_36CE61AFC9D8BA9C5322264EE7777C5F_label_en-US" xlink:label="lab_us-gaap_PlanNameDomain_36CE61AFC9D8BA9C5322264EE7777C5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="loc_us-gaap_PlanNameDomain_36CE61AFC9D8BA9C5322264EE7777C5F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PlanNameDomain_36CE61AFC9D8BA9C5322264EE7777C5F" xlink:to="lab_us-gaap_PlanNameDomain_36CE61AFC9D8BA9C5322264EE7777C5F" xlink:type="arc" />
    <link:label id="lab_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E_terseLabel_en-US" xlink:label="lab_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2013 Stock Incentive Plan</link:label>
    <link:label id="lab_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E_label_en-US" xlink:label="lab_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Incentive Plan2013 [Member]</link:label>
    <link:label id="lab_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E_documentation_en-US" xlink:label="lab_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to the 2013 Stock Incentive Plan.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_StockIncentivePlan2013Member" xlink:label="loc_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E" xlink:to="lab_ptct_StockIncentivePlan2013Member_7D115AD63D7C9E29E0C8264EE7771B5E" xlink:type="arc" />
    <link:label id="lab_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3_terseLabel_en-US" xlink:label="lab_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2009 Equity and Long Term Incentive Plan</link:label>
    <link:label id="lab_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3_label_en-US" xlink:label="lab_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity And Long Term Incentive Plan2009 [Member]</link:label>
    <link:label id="lab_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3_documentation_en-US" xlink:label="lab_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to the 2009 Equity and Long-Term Incentive Plan.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_EquityAndLongTermIncentivePlan2009Member" xlink:label="loc_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3" xlink:to="lab_ptct_EquityAndLongTermIncentivePlan2009Member_8BB37773F408A284C5BE264EE7788FE3" xlink:type="arc" />
    <link:label id="lab_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C_terseLabel_en-US" xlink:label="lab_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2009 Equity and Long Term Incentive Plan and 2013 Stock Incentive Plan</link:label>
    <link:label id="lab_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C_label_en-US" xlink:label="lab_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity2009 And Long Term Incentive Plan And Stock Incentive Plan2013 [Member]</link:label>
    <link:label id="lab_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C_documentation_en-US" xlink:label="lab_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to the 2009 Equity and Long Term Incentive Plan and 2013 Stock Incentive Plan.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member" xlink:label="loc_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C" xlink:to="lab_ptct_Equity2009AndLongTermIncentivePlanAndStockIncentivePlan2013Member_657B79B9F321EAEC004A264EE778539C" xlink:type="arc" />
    <link:label id="lab_ptct_LongTermIncentivePlan2013Member_1DD75799085C9C676954264EE778AB20_terseLabel_en-US" xlink:label="lab_ptct_LongTermIncentivePlan2013Member_1DD75799085C9C676954264EE778AB20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2013 Long Term Incentive Plan</link:label>
    <link:label id="lab_ptct_LongTermIncentivePlan2013Member_1DD75799085C9C676954264EE778AB20_label_en-US" xlink:label="lab_ptct_LongTermIncentivePlan2013Member_1DD75799085C9C676954264EE778AB20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Term Incentive Plan2013 [Member]</link:label>
    <link:label id="lab_ptct_LongTermIncentivePlan2013Member_1DD75799085C9C676954264EE778AB20_documentation_en-US" xlink:label="lab_ptct_LongTermIncentivePlan2013Member_1DD75799085C9C676954264EE778AB20" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to the 2013 Long Term Incentive Plan.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_LongTermIncentivePlan2013Member" xlink:label="loc_ptct_LongTermIncentivePlan2013Member_1DD75799085C9C676954264EE778AB20" xlink:type="locator" />
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    <link:label id="lab_ptct_InducementGrantPlanMember_3ACCED3F75B11CFE5B3C264EE7780C71_terseLabel_en-US" xlink:label="lab_ptct_InducementGrantPlanMember_3ACCED3F75B11CFE5B3C264EE7780C71" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inducement grant plan</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="loc_us-gaap_RestrictedStockMember_8EAEC4CA3FE4CAF1B407264EE77A68C9" xlink:type="locator" />
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    <link:label id="lab_ptct_ComputerEquipmentAndSoftwareMember_B3C34754116C09108B1CDD57A30821A6_terseLabel_en-US" xlink:label="lab_ptct_ComputerEquipmentAndSoftwareMember_B3C34754116C09108B1CDD57A30821A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Computer equipment and software</link:label>
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    <link:label id="lab_ptct_FurnitureFixturesAndLabEquipmentMember_63E239AB0A81D912C3B1DD57A308A091_terseLabel_en-US" xlink:label="lab_ptct_FurnitureFixturesAndLabEquipmentMember_63E239AB0A81D912C3B1DD57A308A091" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture, fixtures, and lab equipment</link:label>
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    <link:label id="lab_ptct_DebtInstrumentConvertibleThresholdSalePriceOfCommonStockConversionRateProductPercentageMaximum_4300801EEDFD582CF7322951BA028868_label_en-US" xlink:label="lab_ptct_DebtInstrumentConvertibleThresholdSalePriceOfCommonStockConversionRateProductPercentageMaximum_4300801EEDFD582CF7322951BA028868" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Convertible Threshold Sale Price Of Common Stock Conversion Rate Product Percentage Maximum</link:label>
    <link:label id="lab_ptct_DebtInstrumentConvertibleThresholdSalePriceOfCommonStockConversionRateProductPercentageMaximum_4300801EEDFD582CF7322951BA028868_documentation_en-US" xlink:label="lab_ptct_DebtInstrumentConvertibleThresholdSalePriceOfCommonStockConversionRateProductPercentageMaximum_4300801EEDFD582CF7322951BA028868" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the maximum product of the closing sale price of shares of the entity's common stock and the applicable conversion rate for such trading day.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_DebtInstrumentConvertibleThresholdSalePriceOfCommonStockConversionRateProductPercentageMaximum" xlink:label="loc_ptct_DebtInstrumentConvertibleThresholdSalePriceOfCommonStockConversionRateProductPercentageMaximum_4300801EEDFD582CF7322951BA028868" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionRatio1_B7A39CE8B073A35667422951BA02A1B4_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionRatio1_B7A39CE8B073A35667422951BA02A1B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion ratio</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionRatio1_B7A39CE8B073A35667422951BA02A1B4_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionRatio1_B7A39CE8B073A35667422951BA02A1B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Conversion Ratio</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionRatio1_B7A39CE8B073A35667422951BA02A1B4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleConversionRatio1_B7A39CE8B073A35667422951BA02A1B4" xlink:to="lab_us-gaap_DebtInstrumentConvertibleConversionRatio1_B7A39CE8B073A35667422951BA02A1B4" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_8F69D55299530CA4F22F2951BA02F380_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_8F69D55299530CA4F22F2951BA02F380" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion price per share</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_8F69D55299530CA4F22F2951BA02F380_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_8F69D55299530CA4F22F2951BA02F380" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Conversion Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_8F69D55299530CA4F22F2951BA02F380" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_8F69D55299530CA4F22F2951BA02F380" xlink:to="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_8F69D55299530CA4F22F2951BA02F380" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_09EAD4E1650E99B9451F2951BA02A215_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_09EAD4E1650E99B9451F2951BA02A215" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption price</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_09EAD4E1650E99B9451F2951BA02A215_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_09EAD4E1650E99B9451F2951BA02A215" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Price, Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:label="loc_us-gaap_DebtInstrumentRedemptionPricePercentage_09EAD4E1650E99B9451F2951BA02A215" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentRedemptionPricePercentage_09EAD4E1650E99B9451F2951BA02A215" xlink:to="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_09EAD4E1650E99B9451F2951BA02A215" xlink:type="arc" />
    <link:label id="lab_ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders_0731A782245DDC29A3BD2951BA027740_terseLabel_en-US" xlink:label="lab_ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders_0731A782245DDC29A3BD2951BA027740" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum percentage of principal held by convertible debt instrument holders required to issue notice for declaration of principal and unpaid interest payable upon events of default</link:label>
    <link:label id="lab_ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders_0731A782245DDC29A3BD2951BA027740_label_en-US" xlink:label="lab_ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders_0731A782245DDC29A3BD2951BA027740" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum Percentage Of Debt Principal Amount By Instrument Holders</link:label>
    <link:label id="lab_ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders_0731A782245DDC29A3BD2951BA027740_documentation_en-US" xlink:label="lab_ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders_0731A782245DDC29A3BD2951BA027740" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the minimum percentage of debt principal amount by instrument holders.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders" xlink:label="loc_ptct_MinimumPercentageOfDebtPrincipalAmountByInstrumentHolders_0731A782245DDC29A3BD2951BA027740" xlink:type="locator" />
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    <link:label id="lab_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A_terseLabel_en-US" xlink:label="lab_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible instruments principal and unpaid interest payable upon events of default</link:label>
    <link:label id="lab_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A_label_en-US" xlink:label="lab_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Instruments Principal And Unpaid Interest Payable Upon Events Of Default</link:label>
    <link:label id="lab_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A_documentation_en-US" xlink:label="lab_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the debt instrument principal and unpaid interest payable upon events of default.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault" xlink:label="loc_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A" xlink:to="lab_ptct_ConvertibleInstrumentsPrincipalAndUnpaidInterestPayableUponEventsOfDefault_BB2EE36B0F20969ED7002951BA02378A" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentTerm_E8BEB2EBC465C502A30D2951BA02E7E2_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTerm_E8BEB2EBC465C502A30D2951BA02E7E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of the convertible notes</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentTerm_E8BEB2EBC465C502A30D2951BA02E7E2_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTerm_E8BEB2EBC465C502A30D2951BA02E7E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaap_DebtInstrumentTerm_E8BEB2EBC465C502A30D2951BA02E7E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentTerm_E8BEB2EBC465C502A30D2951BA02E7E2" xlink:to="lab_us-gaap_DebtInstrumentTerm_E8BEB2EBC465C502A30D2951BA02E7E2" xlink:type="arc" />
    <link:label id="lab_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7_terseLabel_en-US" xlink:label="lab_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net deferred tax liability in connection with convertible notes</link:label>
    <link:label id="lab_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7_label_en-US" xlink:label="lab_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Deferred Tax Liabilities Convertible Debt Instruments</link:label>
    <link:label id="lab_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7_documentation_en-US" xlink:label="lab_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of net deferred tax liability attributable to taxable temporary differences from issuance of convertible debt instruments.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments" xlink:label="loc_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7" xlink:to="lab_ptct_NetDeferredTaxLiabilitiesConvertibleDebtInstruments_AB6BD315923FDBDFC68F2951BA0294D7" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_37860CBBA52139EF44E12951BA02382C_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_37860CBBA52139EF44E12951BA02382C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remaining amortization period</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_37860CBBA52139EF44E12951BA02382C_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_37860CBBA52139EF44E12951BA02382C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Remaining Discount Amortization Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1" xlink:label="loc_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_37860CBBA52139EF44E12951BA02382C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_37860CBBA52139EF44E12951BA02382C" xlink:to="lab_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_37860CBBA52139EF44E12951BA02382C" xlink:type="arc" />
    <link:label id="lab_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1_terseLabel_en-US" xlink:label="lab_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Translarna</link:label>
    <link:label id="lab_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1_label_en-US" xlink:label="lab_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Translarna [Member]</link:label>
    <link:label id="lab_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1_documentation_en-US" xlink:label="lab_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Translarna [Member]</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_TranslarnaMember" xlink:label="loc_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1" xlink:to="lab_ptct_TranslarnaMember_9ABF71CAFA1C6D196CAB264EE941B7D1" xlink:type="arc" />
    <link:label id="lab_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D_terseLabel_en-US" xlink:label="lab_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum age of ambulatory patient</link:label>
    <link:label id="lab_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D_label_en-US" xlink:label="lab_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum age of Ambulatory Patient</link:label>
    <link:label id="lab_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D_documentation_en-US" xlink:label="lab_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the minimum age of ambulatory patient.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_MinimumAgeOfAmbulatoryPatient" xlink:label="loc_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D" xlink:to="lab_ptct_MinimumAgeOfAmbulatoryPatient_B31BA37AA3D9A072933F264EE944983D" xlink:type="arc" />
    <link:label id="lab_us-gaap_NumberOfCountriesInWhichEntityOperates_2DBB444E3C7423579AD626641102C6EA_terseLabel_en-US" xlink:label="lab_us-gaap_NumberOfCountriesInWhichEntityOperates_2DBB444E3C7423579AD626641102C6EA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of countries (over)</link:label>
    <link:label id="lab_us-gaap_NumberOfCountriesInWhichEntityOperates_2DBB444E3C7423579AD626641102C6EA_label_en-US" xlink:label="lab_us-gaap_NumberOfCountriesInWhichEntityOperates_2DBB444E3C7423579AD626641102C6EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Countries in which Entity Operates</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NumberOfCountriesInWhichEntityOperates" xlink:label="loc_us-gaap_NumberOfCountriesInWhichEntityOperates_2DBB444E3C7423579AD626641102C6EA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NumberOfCountriesInWhichEntityOperates_2DBB444E3C7423579AD626641102C6EA" xlink:to="lab_us-gaap_NumberOfCountriesInWhichEntityOperates_2DBB444E3C7423579AD626641102C6EA" xlink:type="arc" />
    <link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_C8F0F0890D2FF8F5268F264EE944F369_verboseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit_C8F0F0890D2FF8F5268F264EE944F369" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated deficit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_C8F0F0890D2FF8F5268F264EE944F369" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsAccumulatedDeficit_C8F0F0890D2FF8F5268F264EE944F369" xlink:to="lab_us-gaap_RetainedEarningsAccumulatedDeficit_C8F0F0890D2FF8F5268F264EE944F369" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesGross_A07F2295D4BAF2532CB3264EE9459B2A_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesGross_A07F2295D4BAF2532CB3264EE9459B2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash consideration</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_D3129B6BA7567DF3D14C2951B892B2DF_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_D3129B6BA7567DF3D14C2951B892B2DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested or expected to vest at the end of the period (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_D3129B6BA7567DF3D14C2951B892B2DF_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_D3129B6BA7567DF3D14C2951B892B2DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_D3129B6BA7567DF3D14C2951B892B2DF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_FFAB528D8818A151023E2951B892CBB4_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_FFAB528D8818A151023E2951B892CBB4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable at the end of the period (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_FFAB528D8818A151023E2951B892CBB4_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_FFAB528D8818A151023E2951B892CBB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_439E961AC239A9EE19A62951B892C8BE_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_439E961AC239A9EE19A62951B892C8BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted- average exercise price</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_439E961AC239A9EE19A62951B892C8BE_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_439E961AC239A9EE19A62951B892C8BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_44154AEC0631352FABA12951B893F8D1_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_44154AEC0631352FABA12951B893F8D1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding at the beginning of the period (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_44154AEC0631352FABA12951B893F8D1_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_44154AEC0631352FABA12951B893F8D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_44154AEC0631352FABA12951B893F8D1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_004848CAFA3B123944CC2951B893400E_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_004848CAFA3B123944CC2951B893400E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted (in dollars per share)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_004848CAFA3B123944CC2951B893400E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_FDB2230F27F178FDCF642951B8932D81_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_FDB2230F27F178FDCF642951B8932D81" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercised (in dollars per share)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_FDB2230F27F178FDCF642951B8932D81" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_FDB2230F27F178FDCF642951B8932D81" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_FDB2230F27F178FDCF642951B8932D81" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_3D019661D5F8D416BF822951B8933751_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_3D019661D5F8D416BF822951B8933751" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in dollars per share)</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_EB987CE00A2550AEF6572951B8932A40_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_EB987CE00A2550AEF6572951B8932A40" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding at the end of the period (in dollars per share)</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_D82CE0F6A6C7C7BCBA9E2951B894BB04_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_D82CE0F6A6C7C7BCBA9E2951B894BB04" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested or expected to vest at the end of the period (in dollars per share)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_E0B45574BEFC1647566D2951B894BA65" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_8845621650B56A66E38E2951B894697B_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_8845621650B56A66E38E2951B894697B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested or expected to vest at the end of the period</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_8845621650B56A66E38E2951B894697B_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_8845621650B56A66E38E2951B894697B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term</link:label>
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    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_DF5DFD04A625CC6D20622951B8948518_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_DF5DFD04A625CC6D20622951B8948518" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable at the end of the period</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_DF5DFD04A625CC6D20622951B8948518_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_DF5DFD04A625CC6D20622951B8948518" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_DF5DFD04A625CC6D20622951B8948518" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_DF5DFD04A625CC6D20622951B8948518" xlink:type="arc" />
    <link:label id="lab_ptct_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValueRollForward_2DEF9EA03D838A5626962951B89508D3_terseLabel_en-US" xlink:label="lab_ptct_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValueRollForward_2DEF9EA03D838A5626962951B89508D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate intrinsic value</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_F34FEABCB1AD21F077142951B8954221_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_F34FEABCB1AD21F077142951B8954221" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Outstanding at the end of the period (in dollars)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_F34FEABCB1AD21F077142951B8954221_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_F34FEABCB1AD21F077142951B8954221" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_F34FEABCB1AD21F077142951B8954221" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_F98918239A65C4E987422951B895A174_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_F98918239A65C4E987422951B895A174" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested or expected to vest at the end of the period (in dollars)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_F98918239A65C4E987422951B895A174_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_F98918239A65C4E987422951B895A174" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_F98918239A65C4E987422951B895A174" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_F98918239A65C4E987422951B895A174" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_F98918239A65C4E987422951B895A174" xlink:type="arc" />
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_3A85D5206E312C56DDA62951B8957633_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_3A85D5206E312C56DDA62951B8957633" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable at the end of the period (in dollars)</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_3A85D5206E312C56DDA62951B8957633_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_3A85D5206E312C56DDA62951B8957633" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_3A85D5206E312C56DDA62951B8957633" xlink:type="locator" />
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    <link:label id="lab_ptct_SalesMilestonesMember_28D48DE60F3A1BE5A958377CB2751696_terseLabel_en-US" xlink:label="lab_ptct_SalesMilestonesMember_28D48DE60F3A1BE5A958377CB2751696" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Potential net sales milestones</link:label>
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    <link:label id="lab_ptct_CollaborationAndDiscoveryAgreementsMember_FFE5745CB14EA3EEA26A377CB2750CF8_terseLabel_en-US" xlink:label="lab_ptct_CollaborationAndDiscoveryAgreementsMember_FFE5745CB14EA3EEA26A377CB2750CF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collaboration And Discovery Agreements [Member]</link:label>
    <link:label id="lab_ptct_CollaborationAndDiscoveryAgreementsMember_FFE5745CB14EA3EEA26A377CB2750CF8_label_en-US" xlink:label="lab_ptct_CollaborationAndDiscoveryAgreementsMember_FFE5745CB14EA3EEA26A377CB2750CF8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collaboration And Discovery Agreements [Member]</link:label>
    <link:label id="lab_ptct_CollaborationAndDiscoveryAgreementsMember_FFE5745CB14EA3EEA26A377CB2750CF8_documentation_en-US" xlink:label="lab_ptct_CollaborationAndDiscoveryAgreementsMember_FFE5745CB14EA3EEA26A377CB2750CF8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to early stage collaboration and discovery agreements.</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_CollaborationAndDiscoveryAgreementsMember" xlink:label="loc_ptct_CollaborationAndDiscoveryAgreementsMember_FFE5745CB14EA3EEA26A377CB2750CF8" xlink:type="locator" />
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    <link:label id="lab_ptct_RocheAndSmaFoundationMember_2D311E7F96CC05998A79377CB275F079_terseLabel_en-US" xlink:label="lab_ptct_RocheAndSmaFoundationMember_2D311E7F96CC05998A79377CB275F079" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Roche And Sma Foundation [Member]</link:label>
    <link:label id="lab_ptct_RocheAndSmaFoundationMember_2D311E7F96CC05998A79377CB275F079_label_en-US" xlink:label="lab_ptct_RocheAndSmaFoundationMember_2D311E7F96CC05998A79377CB275F079" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Roche And Sma Foundation [Member]</link:label>
    <link:label id="lab_ptct_RocheAndSmaFoundationMember_2D311E7F96CC05998A79377CB275F079_documentation_en-US" xlink:label="lab_ptct_RocheAndSmaFoundationMember_2D311E7F96CC05998A79377CB275F079" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to Roche and SMA Foundation</link:label>
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    <link:label id="lab_ptct_LicensingAndCollaborationAgreementMember_C723284CA3F87C61CDC4377CB284C14B_terseLabel_en-US" xlink:label="lab_ptct_LicensingAndCollaborationAgreementMember_C723284CA3F87C61CDC4377CB284C14B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Licensing And Collaboration Agreement</link:label>
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    <link:label id="lab_ptct_LicensingAndCollaborationAgreementMember_C723284CA3F87C61CDC4377CB284C14B_documentation_en-US" xlink:label="lab_ptct_LicensingAndCollaborationAgreementMember_C723284CA3F87C61CDC4377CB284C14B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Licensing And Collaboration Agreement [Member]</link:label>
    <link:loc xlink:href="ptct-20181231.xsd#ptct_LicensingAndCollaborationAgreementMember" xlink:label="loc_ptct_LicensingAndCollaborationAgreementMember_C723284CA3F87C61CDC4377CB284C14B" xlink:type="locator" />
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