Sarepta Therapeutic (SRPT) Could Be Worth $83-$139/Sh - Analyst

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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

Sarepta Therapeutics (SRPT) Surges as Eteplirsen Met the Primary Endpoint

October 3, 2012 7:12 AM EDT

Shares of Sarepta Therapeutics (Nasdaq: SRPT) are launching 73 percent in pre-open trading Wednesday after the company announced that treatment with its lead exon-skipping compound, eteplirsen, met the primary efficacy endpoint, increase in novel dystrophin, and achieved a significant clinical benefit on the primary clinical outcome, the 6-minute walk test (6MWT) over the placebo/delayed treatment cohort in a Phase IIb extension trial in Duchenne... More

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

October 3, 2012 7:08 AM EDT

Sarepta Therapeutics (Nasdaq: SRPT), announced that treatment with its lead exon-skipping compound, eteplirsen, met the primary efficacy endpoint, increase in novel dystrophin, and achieved a significant clinical benefit on the primary clinical outcome, the 6-minute walk test (6MWT) over the placebo/delayed treatment cohort in a Phase IIb extension trial in Duchenne muscular dystrophy (DMD) patients.
... More

Sarepta (SRPT) Receives Termination Notice from U.S. DoD for Ebola Program

October 3, 2012 7:07 AM EDT

Sarepta Therapeutics, Inc. (Nasdaq: SRPT) received notice from the U.S. Department of Defense (DoD) that the Ebola portion of the Company's contract for the advanced development of hemorrhagic fever virus therapeutics was terminated for the convenience of the government due to funding constraints. The DoD's Joint Project Manager Transformational Medical Technologies (JPM-TMT) awarded this contract in July 2010 to advance a platform... More