In another tragic incident, Sarepta Therapeutics (NASDAQ: SRPT) saw a second death in connection with its Duchenne muscular dystrophy (DMD) treatment ELEVIDYS. The patient passed away due to acute liver failure (ALF) after doctors treated them with ELEVIDYS. Sadly, the same thing happened three months ago.
As a result, Sarepta has suspended shipments of ELEVIDYS for non-ambulatory patients and suspended its revenue guidance. On June 16, MarketBeat tracked a wave of downgrades by Wall Street analysts. By the end of the day, Sarepta’s stock had plunged more than 42%.
