Sarepta Therapeutics Inc Stock Price, News & Analysis

Sarepta Therapeutics (NASDAQ:SRPT) announced promising results from its Phase 2 MOMENTUM study (Study 5051-201) for SRP-5051, a treatment for Duchenne muscular dystrophy (DMD) aimed at exon 51 skipping. The trial showed that a dose of 20 mg/kg led to significantly improved tissue exposure, exon skipping, and dystrophin production, with results noted after just 12 weeks. SRP-5051 was well-tolerated across all doses, supporting continued clinical development. Comparatively, SRP-5051 demonstrated superior efficacy over eteplirsen with a lower dose exposure, making it a potential game-changer in DMD treatment.

Sarepta Therapeutics (NASDAQ:SRPT) will host a webcast on Dec. 7, 2020, at 8:30 AM ET, to present interim data from the MOMENTUM study, focusing on SRP-5051 for Duchenne muscular dystrophy treatment. SRP-5051 is the first investigational treatment utilizing Sarepta's next-generation PPMO platform, aiming to enhance drug concentration in muscle tissue. The webcast will be available on their investor relations website, with a call accessible via specific dialing instructions provided in the release.

Sarepta Therapeutics (NASDAQ:SRPT) announced the granting of equity awards to 28 newly hired employees on November 30, 2020, as part of its 2014 Employment Commencement Incentive Plan. These awards include options to purchase 35,770 shares and 15,000 restricted stock units (RSUs). The options have an exercise price of $140.86 per share, equivalent to the stock's closing price on the grant date. Both options and RSUs will vest over four years, contingent on continued employment with the company.

Sarepta Therapeutics (NASDAQ:SRPT) announced its participation in a fireside chat at the Evercore ISI 3rd Annual HealthCONx Virtual Conference on December 2, 2020, at 3:30 p.m. E.T. The event will be available via a live webcast on Sarepta's website and archived for 90 days. Sarepta is recognized for its innovations in precision genetic medicine for rare diseases, particularly in Duchenne muscular dystrophy (DMD), with over 40 programs underway across various therapeutic modalities including RNA and gene therapy.

Sarepta Therapeutics (NASDAQ:SRPT) has been recognized by The Boston Globe as one of the Top Places to Work in 2020 in the large company category. This ranking is based on employee surveys addressing company direction, management, and work benefits. CEO Doug Ingram highlighted the dedication of employees in maintaining a positive culture during a challenging year. The company continues to innovate in precision genetic medicine and has implemented several initiatives to support employees through the pandemic, including caregiving benefits and virtual wellness seminars.

Sarepta Therapeutics (NASDAQ:SRPT) reported a 23% increase in third-quarter 2020 net product sales, totaling $121.4 million, compared to $99.0 million in Q3 2019. Despite challenges from the pandemic, the company advanced its pipeline, with FDA acceptance of the NDA for casimersen and positive data from gene therapy trials, including SRP-9001 and SRP-9003. However, Sarepta reported a net loss of $196.5 million for the quarter. The company's cash reserves increased to $1.8 billion due to strategic financing activities.

Sarepta Therapeutics (NASDAQ:SRPT) announced plans to commence dosing with commercial-process material for SRP-9001, an investigational gene therapy for Duchenne muscular dystrophy, before the end of 2020. Following discussions with the U.S. FDA's OTAT, Sarepta aims to expedite a new clinical study (Study 103) focused on safety and expression in up to 10 patients. The company also anticipates a data read-out from an ongoing trial (Study 102) in early 2021. This progress is crucial for advancing treatment options for patients suffering from this rare disease.

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.