A lawsuit was filed on behalf of investors in Sarepta Therapeutics, Inc. (NASDAQ: SRPT) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/04/2019 -- An investor, who purchased shares of Sarepta Therapeutics, Inc. (NASDAQ: SRPT), filed a lawsuit over alleged violations of Federal Securities Laws by Sarepta Therapeutics, Inc.
Investors who purchased shares of Sarepta Therapeutics, Inc. (NASDAQ: SRPT) have certain options and for certain investors are short and strict deadlines running. Deadline: October 29, 2019. NASDAQ: SRPT investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Cambridge, MA based Sarepta Therapeutics, Inc. focuses on the discovery and development of RNA-based therapeutics, gene therapy, and other genetic medicine approaches for the treatment of rare diseases. On August 19, 2019, Sarepta Therapeutics, Inc. announced receipt of a Complete Response Letter ("CRL") from the U.S. Food & Drug Administration regarding the Company's New Drug Application seeking accelerated approval of golodirsen injection for the treatment of Duchenne muscular dystrophy. Sarepta disclosed that "[t]he CRL generally cites two concerns: the risk of infections related to intravenous infusion ports and renal toxicity seen in pre-clinical models of golodirsen and observed following administration of other antisense oligonucleotides." Shares of Sarepta Therapeutics, Inc. (NASDAQ: SRPT) declined to as low as $90.24 per share on August 22, 2019.
The plaintiff claims that between September 6, 2017 and August 19, 2019, the Defendants made false and/or misleading statements and/or failed to disclose that golodirsen posed significant safety risks to patients, that consequently, the NDA package for golodirsen's accelerated approval was unlikely to receive FDA approval, and that as a result, Sarepta's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Sarepta Therapeutics, Inc. (NASDAQ: SRPT) have certain options and should contact the Shareholders Foundation.
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