Sarepta Therapeutics: Lowered Elevidys Guidance Warrant Ratings Downgrade
Summary
- Sarepta Therapeutics, Inc.'s stock is downgraded to Hold due to underperformance, safety concerns with ELEVIDYS, and increased expenses, despite strong long-term fundamentals.
- Q1 2025 results show mixed SRPT performance: revenue beat expectations, but EPS missed, and cash reserves dropped significantly.
- ELEVIDYS uptake slowed by safety concerns and a temporary clinical trial hold, causing reduced revenue guidance and cautious market adoption.
- Regulatory environment tightening with FDA leadership change, adding uncertainty to Sarepta's near-term outlook and potential delays in approvals.
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