BUZZ-Sarepta sinks after lowering 2025 product revenue forecast

Reuters
05/07
BUZZ-Sarepta sinks after lowering 2025 product revenue forecast

** Shares of gene therapy maker Sarepta Therapeutics SRPT.O fall 21.3% to $36.80 in aftermarket trade

** Company sees 2025 net product revenue of $2.3 billion to $2.6 billion, compared to previous expectation of $2.9 billion to $3.1 billion

** Company reports adjusted Q1 loss of $3.42/shr, vs analysts' average loss estimate of 95 cents/shr, according to data compiled by LSEG

** SRPT shares, along with those of other gene therapy developers, had plummeted earlier in the day after the U.S. FDA named Vinay Prasad as the director of its Center for Biologics Evaluation and Research

** Up to last close, stock down 61.7% YTD

(Reporting by Christy Santhosh)

((Christy.Santhosh@thomsonreuters.com))

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