Sarepta Therapeutics Inc Stock Price, News & Analysis

Sarepta Therapeutics (NASDAQ:SRPT) is set to participate in the 29th Annual Credit Suisse Virtual Healthcare Conference on November 9, 2020, at 3:30 p.m. E.T. Senior management will engage in a fireside chat, which will be available via live webcast on the company's investor relations page. The presentation will be archived for 90 days post-event. Sarepta focuses on precision genetic medicine, particularly in Duchenne muscular dystrophy and gene therapies for various rare diseases, boasting over 40 programs under development.

Sarepta Therapeutics (NASDAQ:SRPT) announced the grant of equity awards on October 30, 2020, to 12 new employees as part of its 2014 Employment Commencement Incentive Plan. In total, the employees received options to purchase 20,835 shares and 8,385 restricted stock units (RSUs). The options have an exercise price of $135.91 per share, equal to the closing price on the grant date. Options vest over four years, while RSUs vest annually, contingent upon continued employment.

Sarepta Therapeutics, Inc. (NASDAQ:SRPT) will announce its third quarter 2020 financial results on November 5, 2020, after market close. A conference call will follow at 4:30 p.m. E.T. to discuss results and provide a corporate update. The call can be accessed by dialing specific numbers for domestic and international callers, and will also be available via webcast. Sarepta continues to make advancements in precision genetic medicine, focusing on therapies for rare diseases such as Duchenne muscular dystrophy and various gene therapies.

AavantiBio, a new gene therapy company, has secured $107 million in Series A financing led by notable life sciences investors, including Sarepta Therapeutics (NASDAQ: SRPT), which contributed $15 million. The company, co-founded by experts Barry Byrne and Manuela Corti, will focus on developing therapies for Friedreich's Ataxia, a rare genetic disorder affecting the nervous system and heart. Bo Cumbo, formerly Sarepta's CCO, has been appointed CEO. AavantiBio aims to leverage its connections with the University of Florida’s Powell Gene Therapy Center to enhance its research capabilities.

Sarepta Therapeutics (NASDAQ: SRPT) announced the 21 recipients of Route 79, The Duchenne Scholarship Program, aiding students with Duchenne muscular dystrophy in pursuing higher education. Each recipient receives up to $5,000, showcasing their community involvement and personal achievements. This is the third year of the program, reflecting Sarepta's commitment to supporting the Duchenne community, especially amid challenges posed by COVID-19. The selection process is overseen by an independent committee to ensure fairness and anonymity in evaluating applicants.

Sarepta Therapeutics (NASDAQ: SRPT) announced the completion of a Type C meeting with the FDA's OTAT regarding the clinical trial for SRP-9001, a gene transfer therapy for Duchenne muscular dystrophy (DMD). The FDA requested additional potency assays for the commercial process material prior to the clinical study. Sarepta believes it has existing data that may satisfy this request but needs further discussions with the FDA to confirm.

The company remains committed to advancing SRP-9001, which is designed to deliver a micro-dystrophin-encoding gene to muscle tissue, with potential transformative effects for DMD patients.

Sarepta Therapeutics (NASDAQ:SRPT) announced the granting of equity awards to 20 new employees on August 31, 2020, in accordance with its 2014 Employment Commencement Incentive Plan. The awards include options for 17,310 shares and 6,655 restricted stock units (RSUs). The options have an exercise price of $146.42 per share, matching the closing stock price on the grant date. Vesting for options occurs quarterly over four years, while RSUs vest annually over the same period, contingent on continued employment.

Sarepta Therapeutics announced that the FDA has accepted its New Drug Application for casimersen (SRP-4045), seeking accelerated approval for treating Duchenne muscular dystrophy (DMD) in patients with exon 45 amenable mutations.

The FDA granted Priority Review Status with a regulatory action date set for February 25, 2021. Additionally, casimersen received conditional approval for the brand name AMONDYS 45. The application includes data from the ESSENCE study, demonstrating significant dystrophin production increases in treated patients compared to placebo.

Sarepta Therapeutics (NASDAQ: SRPT) has announced a strategic collaboration with the University of Florida to advance research in genetic medicines. This partnership aims to fund multiple research projects, enabling Sarepta to exclusively develop any therapeutic compounds that emerge. The collaboration focuses on innovative gene therapy vectors and gene editing technologies, targeting rare genetic diseases. By leveraging the expertise of UF researchers, Sarepta aims to foster advancements that could significantly improve patient outcomes in rare genetic disorders.