Sarepta slides as FDA about-turn on panel clouds gene therapy approval path

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Sarepta slides as FDA about-turn on panel clouds gene therapy approval path
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Shares of Sarepta Therapeutics Inc slumped as much as 21% on Friday on uncertainty over its gene therapy for Duchenne muscular dystrophy after the U.S. health regulator reversed its decision on a panel meeting.

slumped as much as 21% on Friday on uncertainty over its gene therapy for Duchenne muscular dystrophy after the U.S. health regulator reversed its decision on a panel meeting.

"This change adds drama to the equation," said Baird analyst Brian Skorney. The FDA's inconsistency may be a signal of more internal debate than previously anticipated, he said.

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