FDA Will Ask Sarepta to Halt Gene Therapy Shipments
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On an investor call Friday, analysts grilled the company over its apparent lack of transparency on the matter.
The death of a 51-year-old man in the study follows two other deaths of Duchenne patients treated with Sarepta’s marketed gene therapy Elevidys.
Massachusetts-based Sarepta Therapeutics, facing scrutiny from regulators, is reducing its global workforce by 36% in an effort to cut annual operating costs by hundreds of millions of dollars.
These were the most active stocks ahead of Friday's market open: Sarepta Therapeutics Inc.'s stock tumbled 27% after the company said another patient died following gene-therapy treatment, Bloomberg reported,
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Investor's Business Daily on MSNThe FDA Will Reportedly Ask Sarepta To Stop Selling Elevidys. Shares Plummet.Sarepta stock crashed Friday on reports the FDA will ask the biotech company to stop shipments of its approved gene therapy, Elevidys.
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