Needham & Company Maintains Bullish View on Sarepta Therapeutic (SRPT) Following Results and Eteplirsen Regulatory Update

Needham & Company analyst Chad Messer reiterated a Buy rating and $52 price target on Sarepta Therapeutic (NASDAQ: SRPT) following Q3 results and an Eteplirsen regulatory update.

Messer comments, "Sarepta remains on track to file an NDA for eteplirsen in Duchenne's muscular dystrophy (DMD) by mid-2015. As a reminder, this date was pushed out from YE:14 last month following additional guidance from the FDA for additional requirements for NDA submission. The company expects to initiate open label confirmatory studies in ambulant and in non-ambulant DMD boys later this month, an important milestone since 3 month data from newly dosed patients is now a gating factor for the NDA. We maintain our view that eteplirsen will ultimately be approved."

For an analyst ratings summary and ratings history on Sarepta Therapeutic click here. For more ratings news on Sarepta Therapeutic click here.

Shares of Sarepta Therapeutic closed at $15.17 yesterday.

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