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Stock impact report

After a Big Win, Is Sarepta Therapeutics Stock a Buy? [Yahoo! Finance]

Sarepta Therapeutics, Inc. (SRPT) 
Last sarepta therapeutics, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The agency upgraded the status of its gene therapy for Duchenne muscular dystrophy (DMD), Elevidys, from an accelerated approval to a full approval. It also provisionally included a wider set of patients than it did originally. The biotech will now have a larger market, and the risk of a regulatory blockade damaging its stock has been downgraded. Nonetheless, trouble could be brewing, and you need to consider the situation carefully before making an investment, or perhaps avoid buying the stock at all. Here's why this recent win may not be as promising as it it might appear. This victory is controversial for good reason Make no mistake. For the near term, it's bullish that Sarepta received full approval for Elevidys as well as the expanded label that it had sought. Sales of the therapy were worth $134 million in the first quarter of 2024, marking a total of $334 million in revenue since its approval in June 2023. Those sales now have a clear path to continue growing for even Show less Read more
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