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Sarepta Therapeutics Inc (NASDAQ: SRPT) is a leader in precision genetic medicine, pioneering RNA-targeted therapies for rare neuromuscular and infectious diseases. This dedicated news hub provides investors and healthcare professionals with essential updates on SRPT's scientific advancements, regulatory milestones, and strategic initiatives.
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Key updates include FDA communications regarding novel therapies, research collaborations advancing genetic medicine, and operational developments impacting SRPT's therapeutic pipeline. All content is verified through primary sources to ensure accuracy and timeliness.
Bookmark this page for streamlined access to Sarepta's latest achievements in exon-skipping therapies and gene editing innovations. Stay informed about critical developments shaping this biopharmaceutical innovator's trajectory in targeted genetic treatments.
Sarepta Therapeutics (NASDAQ: SRPT), a leader in precision genetic medicine for rare diseases, announced the granting of equity awards on June 28, 2024, as a material inducement for employment. These grants were approved under Sarepta's 2024 Employment Commencement Incentive Plan and in accordance with Nasdaq Listing Rule 5635(c)(4). The awards consist of options to purchase 5,100 shares of common stock and 19,980 restricted stock units (RSUs) distributed among 23 new employees hired in June 2024. The stock options have an exercise price of $158.00 per share, equal to the closing price on the grant date. Vesting schedules are set for four years for both options and RSUs, contingent on continued employment.
Sarepta Therapeutics announced an expanded FDA approval for ELEVIDYS (delandistrogene moxeparvovec-rokl) to treat Duchenne muscular dystrophy (DMD) in patients aged 4 and above. The FDA granted traditional approval for ambulatory patients and accelerated approval for non-ambulatory patients. The continued approval for non-ambulatory patients hinges on the results of a confirmatory trial. ELEVIDYS is contraindicated for patients with mutations in exon 8 and/or exon 9 of the DMD gene. Sarepta's ENVISION study aims to verify the clinical benefits of ELEVIDYS. The expansion represents a significant milestone for the Duchenne community and gene therapy.
Sarepta Therapeutics (NASDAQ:SRPT) announced on May 31, 2024, the issuance of equity awards as a material inducement for employment under Nasdaq Listing Rule 5635(c)(4). The awards were given to nine newly hired employees, granting a total of 8,975 restricted stock units (RSUs). The RSUs will vest in four equal installments annually over four years, subject to continuous employment. The awards were part of Sarepta's 2024 Employment Commencement Incentive Plan and approved by the Compensation Committee of the Board of Directors. No stock purchase options were granted.
Sarepta Therapeutics, Inc. announced that Dr. Jerry R. Mendell, a gene therapy pioneer, was named to the inaugural TIME100 Health list for his contributions in neuromuscular disease treatment and gene therapy advancements, notably Duchenne muscular dystrophy. Dr. Mendell's lifelong dedication to genetic medicine has significantly impacted global health.
Sarepta Therapeutics reported strong financial results for the first quarter of 2024, with net product revenues totaling $359.5 million, a 55% increase from the prior year. ELEVIDYS gene therapy generated $133.9 million in revenue. The company achieved GAAP earnings of $36.1 million and non-GAAP earnings of $78.2 million. Real-world evidence showed that eteplirsen treatment resulted in significant survival benefits for Duchenne muscular dystrophy patients. The FDA is reviewing an efficacy supplement to expand ELEVIDYS's indication.
Sarepta Therapeutics, Inc. granted equity awards under Nasdaq Listing Rule 5635(c)(4) to 24 new employees in April 2024, comprising options to purchase 0 shares of common stock and 17,090 restricted stock units. The options have an exercise price of $126.66 per share, with vesting schedules spread over four years.
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