Core Viewpoint - A class action lawsuit has been filed against Sarepta Therapeutics, Inc. for allegedly misleading investors regarding the safety and revenue outlook of its gene therapy ELEVIDYS, which is intended to treat Duchenne muscular dystrophy [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities that purchased Sarepta securities between June 22, 2023, and June 24, 2025 [1]. - Investors have until August 25, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Sarepta - Sarepta is accused of making materially false and misleading statements about ELEVIDYS, leading investors to believe it was a safe therapy with a positive revenue outlook [3]. - Specific allegations include that ELEVIDYS posed significant safety risks, trial protocols failed to detect severe side effects, and adverse events would lead to recruitment halts and regulatory scrutiny [3]. Group 3: Stock Price Impact - Following a safety update on March 18, 2025, where a patient died after treatment, Sarepta's stock fell by $27.81 (27.44%) to close at $73.54 [4]. - After the announcement on April 4, 2025, regarding regulatory scrutiny, the stock dropped by $4.18 (7.13%) to close at $54.43 [4]. - A second patient death reported on June 15, 2025, led to a further decline of $15.24 (42.12%) to close at $20.91 [4]. - The FDA's Safety Communication on June 24, 2025, resulted in a stock price decrease of $1.52 (8.01%) to close at $17.46 [4].
SAREPTA (SRPT) LAWSUIT ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sarepta Therapeutics, Inc. and Encourages Investors to Contact the Firm