Sarepta Therapeutics Announces Sale Of Priority Review Voucher For $102M
Portfolio Pulse from Happy Mohamed
Sarepta Therapeutics, Inc. (NASDAQ:SRPT) has completed the sale of its Rare Pediatric Disease Priority Review Voucher (PRV) for $102 million. The PRV was awarded by the FDA following the approval of ELEVIDYS for the treatment of Duchenne muscular dystrophy. The proceeds from the sale will be invested into R&D efforts to support the development of more transformative therapies.
July 05, 2023 | 12:32 pm
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Sarepta Therapeutics has sold its PRV for $102 million, which will be invested in R&D. This could potentially lead to the development of new therapies, potentially boosting the company's future revenues.
The sale of the PRV provides Sarepta with additional funds to invest in R&D. This could lead to the development of new therapies, which could potentially increase the company's future revenues and profitability. Therefore, this news is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100