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Time puter > Solution > Sarepta inventory nuked by FDA outlook
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Sarepta inventory nuked by FDA outlook

Deep
Last updated: 2016/05/12 at 10:49 AM
Deep Published May 12, 2016
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1 Min Read

res of Sarepta Therapeutics nearly halved on Thursday after the meals and Drug management maintained its “poor” outlook on the employer‘s drug for an extraordinary muscle-wasting ailment.

Sarepta stock closed down more than forty four percentage.

Sarepta is seeking out extended acclaim for eteplirsen to treat a subset of patients with Duchenne muscular dystrophy (DMD).

FDA workforce reviewers on Thursday reiterated their soreness with the drug — elevating issuessurrounding the drug’s trials, its effectiveness, and the corporation‘s statistical analysis.

Biotech shares so terrible they’ll be accurate: Technician
Scientists in January highlighted comparable issues in advance of a scheduled meeting of an impartial panel of experts to the FDA. however, this meeting was postponed because of an inclement weather forecast for Washington.

“At this point … you are essentially giving up all that desire going returned to mid-January,” Mike Bailey, director of research and chair at FBB Capital partners, informed CNBC.
entering Thursday trading, the inventory was down nearly 50 percent for 2016.

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TAGGED: by, FDA, inventory, nuked, outlook, Sarepta
Deep May 12, 2016
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