Sarepta (SRPT) Says Eteplirsen Met Primary Endpoint in Phase IIb

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Wedbush Lifts Target on Sarepta Therapeutic (SRPT) to $70, Drug Could Sell for $300-$400K/year

October 4, 2012 3:50 PM EDT

In a note late Wednesday, Wedbush substantially raised its price target Outperform-rated Sarepta Therapeutic (NASDAQ: SRPT) from $26 to $70 following positive results from their Phase IIb extension trial of eteplirsen for Duchenne muscular dystrophy.

Some highlights from the report:
"Importantly, boys... More