Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Sarepta Stocks Drop as Gene Therapy Halted Following FDA’s Request
  • Local news

Sarepta Stocks Drop as Gene Therapy Halted Following FDA’s Request

    Sarepta shares slide again as drugmaker bows to FDA pressure to pause gene therapy
    Up next
    Tragic Fighter Jet Crash in Bangladesh Claims 27 Lives
    Published on 22 July 2025
    Author
    Internewscast
    Tags
    • again,
    • bows,
    • Business,
    • Doug Ingram,
    • drugmaker,
    • fda,
    • gene,
    • health,
    • pause,
    • Pressure,
    • Sarepta,
    • Shares,
    • slide,
    • therapy
    Share this @internewscast.com
    FacebookXRedditPinterest

    WASHINGTON – The stock value of Sarepta Therapeutics continued on a downward trend Tuesday after the firm declared it would adhere to a request from the Food and Drug Administration to halt the distribution of its gene therapy in response to multiple patient fatalities.

    This decision, revealed late Monday, follows closely on the heels of a rare and contentious refusal by the company to align with FDA regulators, a move that unsettled both investors and analysts.

    Sarepta’s CEO, Doug Ingram, stated that the company is aiming for a “productive and positive” engagement with the FDA and noted that continuing this constructive working relationship necessitated the temporary halt in shipments.

    The Cambridge, Massachusetts-based company said it would “ temporarily pause all shipments” of its gene therapy Elevidys for muscular dystrophy at the close of business Tuesday.

    It’s the latest in a series of highly irregular moves that have rocked company shares for weeks and forced it to lay off hundreds of staffers.

    Elevidys is the first gene therapy approved in the U.S. for Duchenne’s muscular dystrophy, the fatal muscle-wasting disease that affects boys and young men, resulting in early death. The one-time treatment was initially approved for boys age 4 and younger who could still walk. Last year, FDA expanded approval to older patients who are no longer able to walk.

    The therapy was already under FDA scrutiny after two teenage boys died earlier this year from acute liver injury, a known side effect of the treatment. Then the company last week disclosed a third death with a different therapy: a 51-year-old patient who was enrolled in a company trial for a another form of muscular dystrophy.

    FDA responded by asking the company to immediately halt all shipments of Elevidys.

    Wall Street analysts said the company made the right move.

    Defying the FDA would have “irreparably damaged the company’s relationship with FDA under the current leadership and administration,” TD Cowen analyst Ritu Baral told investors in a note Tuesday.

    Baral estimated the pause in distribution would last three to six months.

    The FDA has the authority to pull drugs from the market, but the process can take months or even years. Instead, the agency usually makes an informal request and companies almost always comply. Even in the rare cases when drugmakers haven’t cooperated, the FDA has prevailed after public hearings and appeals.

    ___

    The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    Monticello man pleads guilty, sentenced in fatal hit and run
    • Local news

    Danville Resident Receives 7-Year Sentence for 2023 Shooting Incident

    A Danville man implicated in a 2023 shooting incident has been sentenced…
    • Internewscast
    • November 5, 2025

    Tragic UPS Plane Crash in Kentucky: Engine Detachment Claims 12 Lives and Sparks Massive Fire

    In Louisville, Kentucky, a tragic incident unfolded as a UPS cargo plane’s…
    • Internewscast
    • November 6, 2025
    Pillsbury project update: Silver coating removed, smiley face up next
    • Local news

    Pillsbury Project Progress: Silver Coating Gone, Smiley Face Transformation on the Horizon

    SPRINGFIELD, Ill. (WCIA) — The dismantling of the former Pillsbury plant in…
    • Internewscast
    • November 6, 2025
    Fortnite maker Epic Games and Google say they're settling 5-year legal fight over Android app store
    • Local news

    Epic Games and Google Reach Landmark Settlement in 5-Year Android App Store Dispute

    SAN FRANCISCO – Epic Games, the renowned developer behind popular video games,…
    • Internewscast
    • November 5, 2025
    Mother of missing Florida 10-year-old charged with child neglect
    • Local news

    Florida Mother of Missing 10-Year-Old Faces Charges of Child Neglect

    In a troubling development from Margate, Florida, authorities have apprehended Passha Davis,…
    • Internewscast
    • November 5, 2025
    Florida's Attorney General accuses Microsoft of religious discrimination
    • Local news

    Florida Attorney General Alleges Religious Discrimination by Microsoft

    Related video: Office of Parental Rights files enforcement action against Roku In…
    • Internewscast
    • November 6, 2025
    Former South Carolina House member indicted on federal charges of defrauding legal clients
    • Local news

    Ex-South Carolina Lawmaker Faces Federal Indictment for Alleged Client Fraud Scheme

    SOUTH CAROLINA (AP) – A former South Carolina legislator is facing federal…
    • Internewscast
    • November 6, 2025
    Former TV anchor charged in mother's killing
    • Local news

    Shocking Twist: Ex-TV Anchor Faces Charges in Mother’s Tragic Death

    A tragic incident unfolded in Wichita, Kansas, as a 47-year-old woman faces…
    • Internewscast
    • November 5, 2025
    U of I political science professor expects more funding issues, travel delays if shutdown drags on
    • Local news

    University of Illinois Expert Warns of Prolonged Shutdown Impact: Funding and Travel Challenges Loom

    CHAMPAIGN, Ill. (WCIA) — The record-breaking U.S. government shutdown has reached its…
    • Internewscast
    • November 6, 2025
    Two related shootings in Augusta leave one dead, one wounded
    • Local news

    Tragic Augusta Shootings: One Fatality and Another Injured in Linked Incidents

    AUGUSTA, Ga. — Tragedy struck early Tuesday morning, November 4th, as the…
    • Internewscast
    • November 5, 2025
    The typical first-time homebuyer is older than ever, new report shows
    • Local news

    First-Time Homebuyers Reaching Record Age: New Report Reveals Rising Trends in Homeownership

    The dream of homeownership is becoming increasingly elusive for young adults, as…
    • Internewscast
    • November 5, 2025
    Nov. 5 is severe weather preparedness day in Georgia
    • Local news

    Get Ready for Georgia’s Severe Weather Preparedness Day on November 5th!

    COLUMBUS, Ga. (WRBL) — Mark your calendars for November 5, as Georgia…
    • Internewscast
    • November 5, 2025
    Driver backed into woman in her own driveway: Prosecutors
    • Crime

    Prosecutors Charge Driver for Backing Into Woman in Her Own Driveway: Safety Concerns Rise

    Share A tragic incident unfolded in Michigan where a woman has been…
    • Internewscast
    • November 6, 2025
    The Guardian journalist who took Red Gold to spy for the Kremlin
    • News

    The Guardian Journalist Allegedly Collaborates with Kremlin in Red Gold Espionage

    In a quiet office somewhere in Moscow, a government clerk recently retrieved…
    • Internewscast
    • November 6, 2025
    • Food For Soul

    Rhapsody Of Realities 6 November 2025: Be Spiritually Alert Always

    Rhapsody Of Realities 6 November 2025 By Pastor Chris Oyakhilome (Christ Embassy):…
    • Internewscast
    • November 6, 2025

    DCLM Daily Manna 6 November 2025 — Reciprocity Of Generosity

    DCLM Daily Manna 6 November 2025 Devotional by Pastor W. F. Kumuyi…
    • Internewscast
    • November 6, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.