Workflow
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sarepta Therapeutics
Sarepta TherapeuticsSarepta Therapeutics(US:SRPT) GlobeNewswire News Room·2025-06-26 21:45

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sarepta Therapeutics, Inc. due to allegations of violations of federal securities laws related to the safety of its product ELEVIDYS, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by August 25, 2025 [3][5]. Group 1: Allegations and Legal Actions - The complaint alleges that Sarepta and its executives made false or misleading statements regarding the safety of ELEVIDYS, failing to disclose significant safety risks and adverse events associated with the treatment [5]. - The firm encourages investors who suffered losses exceeding $100,000 in Sarepta between June 22, 2023, and June 24, 2025, to discuss their legal rights [1][3]. Group 2: Stock Price Impact - Following a safety update on March 18, 2025, which reported a patient death after ELEVIDYS treatment, Sarepta's stock price fell by $27.81 per share, or 27.44%, closing at $73.54 [6]. - On April 4, 2025, after disclosing that EU authorities requested a review of the death, the stock price dropped by $4.18 per share, or 7.13%, closing at $54.43 [8]. - A second patient death was reported on June 15, 2025, leading to a significant stock price decline of $15.24 per share, or 42.12%, closing at $20.91 [10]. - Following an FDA Safety Communication on June 24, 2025, regarding the investigation of acute liver failure risks, the stock price fell by $1.52 per share, or 8.01%, closing at $17.46 [11].