Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sarepta Therapeutics due to allegations of violations of federal securities laws related to misleading statements about the safety of its product ELEVIDYS [3][5]. Company Overview - Sarepta Therapeutics, Inc. is a biotechnology company focused on developing therapies for rare diseases, particularly those related to genetic disorders [3]. Legal Proceedings - A federal securities class action has been filed against Sarepta, with a deadline of August 25, 2025, for investors to seek the role of lead plaintiff [3][12]. - The complaint alleges that Sarepta and its executives made false or misleading statements regarding the safety of ELEVIDYS, which posed significant risks to patients [5]. Product Safety Issues - On March 18, 2025, Sarepta reported a patient death following treatment with ELEVIDYS, leading to a stock price drop of $27.81 per share, or 27.44%, closing at $73.54 [6]. - Following regulatory scrutiny, Sarepta halted recruitment and dosing in some ELEVIDYS clinical studies on April 4, 2025, resulting in a further stock price decline of $4.18 per share, or 7.13%, to close at $54.43 [7][8]. - A second patient death due to acute liver failure was disclosed on June 15, 2025, prompting Sarepta to suspend shipments of ELEVIDYS for non-ambulatory patients and pause dosing in one clinical study, causing a significant stock price drop of $15.24 per share, or 42.12%, to close at $20.91 [9][10]. - The FDA issued a Safety Communication on June 24, 2025, regarding the investigation into the risk of acute liver failure associated with ELEVIDYS, leading to an additional stock price decline of $1.52 per share, or 8.01%, to close at $17.46 [10][11]. Investor Communication - Faruqi & Faruqi encourages investors who suffered losses in Sarepta to contact them for discussions about their legal rights and options [1][13].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sarepta Therapeutics