NEW YORK, Feb. 4, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of buyers of Sarepta Therapeutics, Inc. (“Sarepta” or the “Company”)(NASDAQ: SRPT). These types of buyers are encouraged to get hold of Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation worries whether or not Sarepta and certain of its officers and/or directors have engaged in securities fraud or other unlawful small business practices.
[Click here for information about joining the class action]
On January 7, 2021, Sarepta issued a press launch announcing top rated-line outcomes for Part 1 of the Firm’s Study SRP-9001-102 (“Examine 102”), “an ongoing, randomized, double-blind, placebo-controlled clinical demo to evaluate the security, efficacy and tolerability of a solitary dose of SRP-9001 (rAAVrh74.MHCK7.micro-dystrophin) in 41 clients with Duchenne muscular dystrophy. SRP-9001 is an investigational gene transfer treatment meant to provide its micro-dystrophin-encoding gene to muscle tissue for the targeted manufacturing of the micro-dystrophin protein.” Though Sarepta touted the actuality that Examine 102 fulfilled its primary organic endpoint “[a]t 12 weeks put up-procedure in comparison to baseline,” the item applicant unsuccessful to coincide with statistically major improvements in muscle functionality for all individuals right after just one calendar year.
On this information, Sarepta’s inventory value fell $86.66 per share, or 51.29%, to shut at $82.29 per share on January 8, 2021.
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Get in touch with:
Robert S. Willoughby
888-476-6529 ext. 7980
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