Welcome to our dedicated page for Sarepta Therapeutics, news (Ticker: SRPT), a resource for investors and traders seeking the latest updates and insights on Sarepta Therapeutics, stock.
Sarepta Therapeutics, Inc. (NASDAQ: SRPT) is a pioneering biopharmaceutical company primarily engaged in the discovery and advancement of RNA-targeted therapeutics. Headquartered in Cambridge, Massachusetts, Sarepta is dedicated to developing innovative treatments for a range of rare, infectious, and other challenging diseases.
Core Focus: Sarepta’s primary focus is on Duchenne Muscular Dystrophy (DMD), a severe type of muscular dystrophy. The company's lead product candidate, eteplirsen, is designed to skip exon 51 and potentially modify the progression of DMD. Alongside eteplirsen, Sarepta is working on other DMD drug candidates that target different exons.
Innovative Technology: The company leverages proprietary RNA-targeted technology platforms to create novel pharmaceuticals. This technology is pivotal in addressing diseases with high unmet medical needs.
Therapeutic Pipeline:
- DMD Program: Focused on rapidly advancing exon-skipping drug candidates.
- Infectious Diseases: Developing treatments for drug-resistant bacteria and other rare infectious diseases.
Financial Condition and Partnerships: Sarepta collaborates with third-party contractors for the manufacturing of its product candidates. This strategic approach allows the company to focus on innovation and development while ensuring efficient production processes. Despite most of its product candidates being in early developmental stages, Sarepta continues to secure funding and partnerships to support its ambitious research and development goals.
For more information, visit their official website at www.sarepta.com.
Sarepta Therapeutics reported strong financial results for Q3 2024, with net product revenues totaling $429.8 million, a 39% increase YoY. ELEVIDYS net product revenue was $181.0 million, exceeding prior guidance, with an additional $9.5 million from Roche's sales royalties. Total ELEVIDYS performance reached $190.5 million for the quarter. The company achieved GAAP and non-GAAP net incomes of $33.6 million and $67.0 million respectively. Sarepta also announced the discontinuation of the SRP-5051 development program and shared positive data from its SRP-9001 clinical trials. The CEO highlighted the progress in their pipeline, including plans to submit a Biologics License Application by mid-2025 and start clinical trials for two other programs. The company also published five-year functional results from Study SRP-9001-101 and EMBARK study results in Nature Medicine, showing clinical benefits and favorable safety profiles. For the nine months ended September 30, 2024, total revenues were $1.24 billion, a 47% increase YoY.
Sarepta Therapeutics (NASDAQ:SRPT) has granted equity awards to 15 new employees hired in October 2024. The awards, consisting of 12,165 restricted stock units (RSUs), were approved by the Compensation Committee under the company's 2024 Employment Commencement Incentive Plan. The RSUs will vest over four years, with one-fourth vesting annually on the grant date anniversary. Sarepta, a leader in precision genetic medicine for rare diseases, maintains leadership positions in Duchenne muscular dystrophy and limb-girdle muscular dystrophies, with over 40 programs in development.
Sarepta Therapeutics (NASDAQ:SRPT), a precision genetic medicine company focusing on rare diseases, has scheduled its third quarter 2024 financial results announcement for Wednesday, November 6, 2024, after the Nasdaq market closes. The company will host a conference call at 4:30 p.m. ET to discuss the results. The event will be webcast live on Sarepta's investor relations website, with a replay available for one year. Phone participants must register online to receive dial-in details and personal PIN numbers for access.
Sarepta Therapeutics (NASDAQ:SRPT), a leader in precision genetic medicine for rare diseases, has granted equity awards to 28 new employees hired in September 2024. The awards, approved by the Compensation Committee under the company's 2024 Employment Commencement Incentive Plan, include a total of 23,580 restricted stock units (RSUs). These RSUs will vest over four years, with one-fourth vesting annually on the grant date anniversary, subject to continued employment. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement to employment.
Sarepta, focused on developing treatments for Duchenne muscular dystrophy (DMD) and limb-girdle muscular dystrophies (LGMDs), currently has over 40 programs in various stages of development. The company's pipeline is driven by its multi-platform Precision Genetic Medicine Engine in gene therapy, RNA, and gene editing.
Sarepta Therapeutics (NASDAQ:SRPT) will present new data from its neuromuscular portfolio at the 29th Annual Congress of the World Muscle Society 2024 (WMS 2024) in Prague, Czechia, from Oct. 8-12, 2024.
Highlights include new safety and efficacy results from several studies in the delandistrogene moxeparvovec clinical development program, including Studies 9001-101, 9001-103 (ENDEAVOR), and 9001-301 (EMBARK). Notable presentations are:
- Muscle MRI outcomes in patients with Duchenne Muscular Dystrophy (DMD) treated with delandistrogene moxeparvovec from the EMBARK study on Oct. 12, 2024.
- Long-term safety and tolerability data from phase 1 to phase 3 clinical trials of delandistrogene moxeparvovec on Oct. 11, 2024.
Additional poster presentations cover various aspects of delandistrogene moxeparvovec's safety, efficacy, and functional outcomes over five years. The full WMS 2024 program is available at the event's website.
Sarepta Therapeutics (NASDAQ:SRPT) has appointed Deirdre P. Connelly to its Board of Directors, expanding the board to nine members, with eight being independent. Connelly brings over 30 years of pharmaceutical industry experience, having served as president of North America Pharmaceuticals for GlaxoSmithKline and president of U.S. Pharmaceutical Operations at Eli Lilly. Her extensive background includes executive roles in human resources and pharmaceutical operations.
Currently, Connelly serves on the boards of Macy's and Lincoln Financial Group, and is the Chairperson of the Board at Genmab A/B. This appointment aligns with Sarepta's strategy to deliver transformative therapies for rare diseases, leveraging Connelly's seasoned leadership and industry expertise.
Sarepta Therapeutics (NASDAQ:SRPT) has announced the recipients of its 7th Annual Route 79, The Duchenne Scholarship Program for the 2024-2025 academic year. 25 scholarships have been awarded, including 20 to individuals living with Duchenne muscular dystrophy and 5 to siblings of individuals with Duchenne. Each recipient will receive up to $5,000.
The program, created in 2018, recognizes exceptional individuals pursuing post-secondary education. Recipients are chosen by an independent committee based on community involvement, academic achievements, and personal essays. Since its inception, Sarepta has awarded nearly 140 scholarships through the Route 79 program.
Sarepta Therapeutics (NASDAQ:SRPT), a leader in precision genetic medicine for rare diseases, announced equity awards granted on August 30, 2024 under its 2024 Employment Commencement Incentive Plan. Approved by the Compensation Committee of the Board of Directors, these awards serve as a material inducement for 20 new employees hired in August 2024. The awards include a total of 9,290 restricted stock units (RSUs), which will vest annually over four years, contingent on continued employment. Employees did not receive options to purchase shares of Sarepta's common stock. Sarepta focuses on developing treatments for Duchenne muscular dystrophy (DMD) and limb-girdle muscular dystrophies (LGMDs) and has over 40 programs in development.
Sarepta Therapeutics (NASDAQ:SRPT), a leader in precision genetic medicine for rare diseases, has announced its participation in the Morgan Stanley 22nd Annual Global Healthcare Conference. The event will take place on September 6, 2024, at 9:15 a.m. E.T. at the New York Marriott Marquis. Senior management will engage in a fireside chat, which will be webcast live on Sarepta's investor relations website and archived for 90 days.
Sarepta focuses on developing precision genetic medicines for rare diseases, particularly Duchenne muscular dystrophy (DMD) and limb-girdle muscular dystrophies (LGMDs). The company currently has over 40 programs in various stages of development, driven by its multi-platform Precision Genetic Medicine Engine in gene therapy, RNA, and gene editing.
Sarepta Therapeutics (NASDAQ: SRPT) reported strong financial results for Q2 2024, with net product revenues increasing 51% year-over-year to $360.5 million. ELEVIDYS contributed $121.7 million in revenue. The company achieved a GAAP net income of $6.5 million and a non-GAAP net income of $46.7 million. FDA expanded the ELEVIDYS label indication to include patients with Duchenne muscular dystrophy aged 4 and above.
2025 net product revenues are expected to be between $2.9 billion and $3.1 billion. The company will present further data on its SRP-9001 program at the 29th Annual Congress of the World Muscle Society in October 2024. The European Medicines Agency is reviewing the marketing authorization application for ELEVIDYS, with expected approval in 2025.
Roche, Sarepta's partner, will handle commercialization outside the U.S. Additionally, the FDA has granted Fast Track designation to SRP-9003 for limb-girdle muscular dystrophy Type 2E.
FAQ
What is the current stock price of Sarepta Therapeutics, (SRPT)?
What is the market cap of Sarepta Therapeutics, (SRPT)?
What does Sarepta Therapeutics specialize in?
What is eteplirsen?
Where is Sarepta Therapeutics headquartered?
What kinds of diseases is Sarepta working on?
How does Sarepta manufacture its products?
What is the primary technology used by Sarepta?
Are Sarepta's products approved for use?
How can I find more information about Sarepta Therapeutics?
Is Sarepta involved in any partnerships?
What is the latest news about Sarepta Therapeutics?
