Baird 'Incrementally Positive' on Sarepta (SRPT) Following 'Shocking Move' by FDA
Baird analyst Brian Skorney is incrementally positive on the FDA's move to include voting questions on Sarepta Therapeutic (NASDAQ: SRPT) eteplirsen.
The analyst called it a "shocking move.
"The final question will gauge panelists' read on the efficacy of the drug," he notes. "This leaves the door open for patient advocates to sway the panel on a definitive vote. Prepare for a wild ride. After years of ambiguity surrounding this review, we head into Monday expecting nothing more than to be surprised."
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Shares of Sarepta Therapeutic closed at $11.02 yesterday.