Sarepta Therapeutics (SRPT) Tanks 36% After 3rd Patient Death, SRPT Securities Class Action Pending - Hagens Berman

Core Viewpoint - Sarepta Therapeutics, Inc. has faced significant stock price decline following the reported deaths of patients in clinical trials for its gene therapy drug ELEVIDYS, leading to a securities class action lawsuit from investors [1][4][10]. Group 1: Company Developments - On July 18, 2025, Sarepta's shares closed down $7.89, a decrease of 36%, after the announcement of a third patient death related to its experimental gene therapy [1]. - The lawsuit focuses on Sarepta's disclosures regarding the safety and efficacy of ELEVIDYS, which is intended for treating Duchenne muscular dystrophy [4]. - The FDA has placed Sarepta's investigational gene therapy clinical trials for limb-girdle muscular dystrophy on clinical hold due to the reported patient deaths [10]. Group 2: Legal Actions - A securities class action lawsuit has been filed, representing investors who acquired Sarepta securities between June 22, 2023, and June 24, 2025 [2]. - The lawsuit alleges that Sarepta made false and misleading statements about the safety of ELEVIDYS and failed to disclose critical information regarding patient deaths [5][6]. - Hagens Berman, the law firm investigating the case, is urging affected investors to report their losses and is looking for individuals with knowledge to assist in the investigation [3][11]. Group 3: Regulatory and Market Impact - Following the patient deaths, Sarepta halted recruitment and dosing in some ELEVIDYS clinical studies, which has attracted regulatory scrutiny [7][8]. - The severity of adverse events related to ELEVIDYS has raised concerns about the therapy's current and future approval prospects [8]. - H.C. Wainwright has reduced its price target for Sarepta to $0, reflecting the negative market sentiment following these developments [10].