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Benzinga
Benzinga
Business
Namrata Sen

Sarepta Therapeutics Stock Plunges Over 30% In Friday Pre-Market: What's Going On

Sarepta Sarepta Therapeutics therapeutics Clinical Trial Gene Therapy FDA
Konskie,,Poland,-,February,24,,2024:,Sarepta,Therapeutics,Company,Logo

Shares of Sarepta Therapeutics (NASDAQ:SRPT) plunged over 30% in Friday pre-market after a clinical trial participant died following treatment with a gene therapy, marking the third death linked to the company’s experimental treatments.

What Happened: Sarepta Therapeutics confirmed the death of a 51-year-old man who was part of a Phase 1 trial for a gene therapy aimed at treating limb-girdle muscular dystrophy, according to BioCentury. The patient died of liver failure last month after being administered the experimental treatment.

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