Sarepta Therapeutics (SRPT) Moves Higher as Ex-FDA Official Sees Accelerated Approval

October 5, 2012 10:24 AM EDT
Sarepta Therapeutics, Inc. (NASDAQ: SRPT) is moving to the highs of the session and is nearly positive following a note from TheStreet's Adam Feuerstein on Twitter that Summer Street is saying a former FDA official is positive on accelerated approval for eteplirsen.

@adamfeuerstein
Summer Street call update: Former FDA official is POSITIVE on $SRPT receiving accelerated approval for eteplirsen.

After surging 200 percent on Wednesday on positive eteplirsen trial results, shares fell 16 percent on Thursday and were down another 7 percent moments ago before the call.

Shares of SRPT last traded at $37.50, down 1.1 percent.


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