Sarepta Therapeutics,, Inc. - SRPT STOCK NEWS

Sarepta Therapeutics (NASDAQ:SRPT) announced the granting of equity awards to 20 new employees as an inducement to their employment on July 31, 2020. The awards included options to purchase 24,230 shares and 12,145 restricted stock units (RSUs), with an exercise price of $153.52 per share, equating to the stock's closing price on the grant date. Options will vest over four years, with RSUs vesting annually. This initiative aligns with Nasdaq Listing Rule 5635(c)(4) and reflects the company’s commitment to attracting talent in precision genetic medicine for rare diseases.

Sarepta Therapeutics, Inc. (NASDAQ: SRPT) will release its second quarter 2020 financial results on August 5, 2020, post-market. A conference call for investors will follow at 4:30 p.m. E.T. The call will provide insights into the company’s financial performance and updates on its ongoing studies in genetic medicine targeting rare diseases, particularly Duchenne muscular dystrophy. Investors can access the call via phone or through a live webcast on Sarepta's website.

Sarepta Therapeutics (NASDAQ: SRPT) announced the grant of equity awards to 26 newly hired employees on June 30, 2020. This action, approved by the Board of Directors, includes options to purchase 27,315 shares and 13,680 restricted stock units (RSUs). The options are priced at $160.34, reflecting the stock's closing price on the grant date. Vesting for the options occurs over four years, while RSUs vest annually for the same period, contingent on continued employment. Sarepta focuses on developing precision genetic medicine for rare diseases, with over 40 programs in various stages.

Sarepta Therapeutics (NASDAQ:SRPT) announced the retirement of Sandy Mahatme, CFO and CBO, effective July 10, 2020. Under his leadership for nearly eight years, the company underwent significant transformation, enhancing its financial standing and advancing its pipeline in genetic medicine for rare diseases. CEO Doug Ingram acknowledged Mahatme's contributions in building a strong finance team. An interim reporting structure will be established as the company searches for a new CFO. Mahatme will remain on the boards of other therapeutics companies.

Sarepta Therapeutics (NASDAQ: SRPT) announced the completion of a rolling New Drug Application (NDA) to the FDA for casimersen, aimed at treating patients with Duchenne muscular dystrophy (DMD) who have mutations amenable to skipping exon 45. Casimersen represents the third exon-skipping medicine from Sarepta's PMO RNA-based platform. The NDA submission includes data from the ESSENCE Phase 3 study demonstrating significant dystrophin production. If approved, casimersen could potentially treat about 8% of DMD patients, contributing to Sarepta's goal of addressing nearly 30% of this patient population.

Sarepta Therapeutics (NASDAQ: SRPT) has entered a global research and option agreement with Codiak BioSciences to develop engineered exosome therapeutics targeting neuromuscular diseases. The two-year agreement covers five targets, with Codiak eligible for up to $72.5 million in upfront and near-term license payments plus research funding. This collaboration aims to leverage Codiak's exosome technology for gene therapy and RNA delivery, addressing limitations of existing treatments and enhancing precision medicine strategies in this sector.

Sarepta Therapeutics (NASDAQ: SRPT) announced positive safety and tolerability data for its gene therapy SRP-9001, aimed at treating Duchenne muscular dystrophy (DMD), published in JAMA Neurology. Over one year, four participants showed no serious adverse events, with micro-dystrophin levels reaching 81.2% expression. Functional improvements were observed, as evidenced by reduced creatine kinase levels and enhanced scores on the North Star Ambulatory Assessment scale. This underscores the therapy’s potential to improve the lives of DMD patients significantly.

Sarepta Therapeutics (NASDAQ: SRPT) announced promising results from its clinical trial of SRP-9003, a gene therapy for limb-girdle muscular dystrophy Type 2E (LGMD2E). The high-dose cohort demonstrated a significant 72% beta-sarcoglycan positive fibers and an 89% mean reduction in serum creatine kinase, indicating robust muscle expression and reduced damage. Patients in the low-dose cohort showed continued functional improvement at one year. The therapy aims to deliver the beta-sarcoglycan gene, targeting a critical need for patients who currently have no treatment options.

Sarepta Therapeutics (NASDAQ:SRPT) announced its participation in two virtual investor conferences. The Goldman Sachs 41st Annual Global Healthcare Conference will take place on June 9, 2020, at 3:00 p.m. E.T., followed by the BofA Securities Napa Biopharma Conference on June 24, 2020, at 12:30 p.m. E.T. Live webcasts will be available on Sarepta's website and archived for 90 days. Sarepta is a leader in precision genetic medicine, focusing on treatments for rare diseases, including Duchenne muscular dystrophy, with over 40 programs in development.