EU Decision for Translarna Has Positive Read Through for Sarepta (SRPT) - Credit Suisse
Get Alerts SRPT Hot Sheet
Price: $127.39 +2.53%
Rating Summary:
30 Buy, 9 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
30 Buy, 9 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Credit Suisse analyst Alethia Young said the CHMP decision to leave PTC's DMD drug Translarna with conditional approval on market in Europe is a positive read-through for Sarepta's (NASDAQ: SRPT) potential filing in the EU.
"At 100% probability of success, EU sales are worth $26/sh to our valuation", the analyst said.
The analyst maintained an Outperform rating and price target of $41 on SRPT.
For an analyst ratings summary and ratings history on Sarepta Therapeutic click here. For more ratings news on Sarepta Therapeutic click here.
Shares of Sarepta Therapeutic closed at $39.52 yesterday.
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