Sarepta says it won't comply with FDA request to stop shipping gene therapy Elevidys
UNITED STATES, JUL 19 – Sarepta refuses FDA's shipment halt request after three liver failure deaths linked to its gene therapy, with Elevidys representing 55% of the company's quarterly revenue, regulators said.
- On Friday, Sarepta Therapeutics refused an FDA request to halt Elevidys shipments, confirming their decision despite safety concerns.
- The deaths followed treatment with Elevidys and related gene therapies, as FDA said two teenage boys with Duchenne muscular dystrophy and a 51-year-old man with limb-girdle muscular dystrophy died of acute liver failure.
- Sarepta shares have plunged over 90% over the past year to $14.08, with $1.1 billion in convertible debt against $850 million in cash.
- Sarepta Therapeutics said it will continue shipments for ambulatory Duchenne muscular dystrophy patients, while confirming the suspension in non-ambulatory patients.
- The FDA could order a mandatory product recall, and U.S. regulators have revoked Sarepta’s AAVrh74 platform designation, while Makary and Prasad pledged to take steps to protect patients.
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Sarepta Faces Regulatory Showdown As Analysts Cut Price Targets - Sarepta Therapeutics (NASDAQ:SRPT)
On Friday, the U.S. Food and Drug Administration placed Sarepta Therapeutics Inc.’s (NASDAQ:SRPT) investigational gene therapy clinical trials for limb girdle muscular dystrophy (LGMD) on a clinical hold. The decision stemmed from serious safety concerns, including three patient deaths potentially linked to these products, indicating that study participants faced or would be exposed to an unreasonable and significant risk of illness or injury. T…


Drugmaker Refuses FDA's Request to Pull Gene Therapy Tied to Patient Deaths
(MedPage Today) -- Sarepta Therapeutics will continue to ship its gene therapy delandistrogene moxeparvovec (Elevidys) to ambulant patients with Duchenne muscular dystrophy, despite the FDA's request to halt distribution, the company stated late...
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