1020 ET - Tuesday's 27% selloff in Sarepta Therapeutics after the death of a patient who received its Elevidys gene therapy makes for a compelling buying opportunity, according to Mizuho. In a note, Mizuho's Uy Ear says Sarepta's current stock price captures little value for Elevidys, as the value of Sarepta's exon-skipping for Duchenne Muscular Dystrophy and limb-girdle muscular dystrophy businesses add up to about $70 a share. Mizuho, with an outperform rating and $190 price target on Sarepta, says Sarepta management is standing by its 2025 guidance, and the analysts still see the Elevidys benefit/risk profile as positive. Sarepta up 6.3% to $78.09. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 10:20 ET (14:20 GMT)
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