Back to mobile site

FDA Guidance Document Supportive of Sarepta (SRPT) - William Blair

July 11, 2018 1:10 PM EDT
Get Alerts SRPT Hot Sheet
Price: $15.82 -2.41%

Rating Summary:
    19 Buy, 18 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 14 | New: 29
Join SI Premium – FREE

William Blair analyst Tim Lugo said the FDA's guidance document released today entitled “Human Gene Therapy for Rare Diseases" is likely supportive of Sarepta Therapeutics (NASDAQ: SRPT) ongoing microdystrophin gene therapy trial for Duchenne muscular dystrophy (DMD) as pivotal for a BLA filing under accelerated approval conditions

Lugo highlights the guidance document: "efforts should be made early in the GT product development program to identify and validate biomarkers … Some biomarkers or endpoints are very closely linked to the underlying pathophysiology of the disease … Changes in such biomarkers could be used during drug development for dose-selection, or even as an early demonstration of drug activity."

He comments, "Based on precedence set by DMD-specific guidance highlighting exon-skipped dystrophin expression as an appropriate surrogate endpoint for accelerated approval basis (Exondys 51 and golodirsen under rolling NDA review), we believe microdystrophin expression post-gene therapy could also satisfy this requirement with preclinical and clinical data at Sarepta’s R&D day supporting this notion (see our note: Microdystrophin Gene Therapy the Star at R&D Day, Limb Girdle Gene Therapy Next Up as Dosing to Begin Soon ). Recall, data from 3 patients (age 4-7 years) dosed with 2x1014vg/kg rAAVrh74.MHCK7.micro-dystrophin showed a mean 76.2% micro-dystrophin positive fibers assessed by gastrocnemius biopsy at three months post-infusion (exhibit 1). Micro-dystrophin protein expression was also quantified by Western blot displaying a mean of 38.2% or 53.7% compared to normal (full-length dystrophin standard curve) using Sarepta’s or Nationwide Children’s hospital method respectively (exhibit 2)."

For an analyst ratings summary and ratings history on Sarepta Therapeutics click here. For more ratings news on Sarepta Therapeutics click here.

Shares of Sarepta Therapeutics closed at $138.04 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, FDA

Related Entities

William Blair, FDA