Sarepta plunges following failure of gene therapy trial for muscle disease – 10/31/2023 at 12:58


October 31 – ** Shares of Sarepta Therapeutics SRPT.O fall 44.3% to $60 pre-market

** The company said Monday that its gene therapy to treat Duchenne muscular dystrophy (DMD), a progressive muscle disease, failed to meet the primary endpoint of a late-phase trial in patients aged 4 to 7 years

**The therapy received accelerated approval from the U.S. health regulator in June for children ages 4 to 5 who can walk

** Catalent CTLT.N , which makes SRPT’s gene therapy, also fell about 13.6% before markets closed

** Through last close, SRPT shares were down 17% and CTLT shares were down 11.3% year to date



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