Sarepta's Roller Coaster Hits a High Point

By Brian Orelli, PhD – Apr 22, 2014 at 9:30AM

NASDAQ: SRPT

Sarepta Therapeutics

Market Cap

$11B

Today's Change

(2.25%) $2.63

Current Price

$119.59

Price as of April 23, 2024, 10:11 a.m. ET

Let's hope Sarepta Therapeutics doesn't follow in Prosensa and GlaxoSmithKline's footsteps and come crashing down.

Sarepta Therapeutics (SRPT 2.25%) has been on a roller coaster over the last few months with the Food and Drug Administration telling the company last November that it had concerns about granting an accelerated approval for Sarepta's muscular dystrophy drug eteplirsen.

The decision wasn't a big surprise after Prosensa (NASDAQ: RNA) and GlaxoSmithKline's (GSK 0.64%) related drug, drisapersen, failed its phase 3 trial last year.

Then Monday, the agency did a bit of a 180, saying that there might be enough data to approve eteplirsen, encouraging Sarepta to apply for accelerated approval.

In the video below, senior biotech specialist Brian Orelli and health-care bureau chief Max Macaluso discuss the potential paths forward for Sarepta and its chances of gaining accelerated approval.

Brian Orelli has no position in any stocks mentioned. Max Macaluso, Ph.D. owns shares of Sarepta Therapeutics. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.