Sarepta (SRPT) Conditional-Approval Thesis Unchanged, Roth Capital Says

Roth Capital analyst Debjit Chattopadhyay reiterated a Buy rating and $50 price target on Sarepta Therapeutic (NASDAQ: SRPT), saying their conditional-approval thesis remains unchanged.

Chattopadhyay commented, "A new therapy is not considered available therapy if granted accelerated approval based on a surrogate or intermediate clinical end points, and clinical benefit has not been verified by post-approval studies: which is a point that has seemingly deserted the investment community since Sarepta's ad-comm was pushed out to 1/22/16. In a pediatric indication that potentially calls for life-long dosing, safety, tolerability and efficacy are all in favor of eteplirsen; we expect it to be the commercial winner, if approved."

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 $24.28 yesterday.

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