Sarepta Shares Surge as FDA Approves Resumption of Elevidys Shipments

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Source: Yahoo Finance
Sarepta Shares Surge as FDA Approves Resumption of Elevidys Shipments
Photo: Yahoo Finance
TL;DR

Sarepta Therapeutics' shares rebounded after the FDA approved the resumption of shipments for its gene therapy Elevidys in the US for ambulatory patients with Duchenne muscular dystrophy, easing concerns about liquidity and market withdrawal, though shipments for non-ambulatory patients remain halted following recent deaths and regulatory scrutiny.

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