Worth keeping an eye on this:
https://www.bizjournals.com/boston/...-may-look-to-bolster-pipeline-after-250m.html
Sarepta may look to bolster pipeline after $250M offering
Jul 24, 2017, 11:57am EDT
Sarepta Therapeutics is planning to raise up to $250 million in a new stock offering, and said it may use some of the proceeds to acquire or license additional drug candidates.
Sarepta (Nasdaq: SRPT) outlined the proposed offering in a release on Monday. The company said that new CEO Douglas Ingram is interested in buying up to $2 million worth of the shares.
Proceeds from the offering could be used to license or acquire “complementary products and technologies,” or for a range of other purposes, including to fund clinical trials, commercialization activities and manufacturing, Sarepta said.
The company's most recent licensing deal — a $35 million pact with BioMarin Pharmaceutical announced on July 18 — was part of a settlement to resolve patent lawsuits. Sarepta has also announced a handful of collaboration deals this year focused on gene therapy treatments for Duchenne muscular dystrophy.
Monday's proposed stock offering comes five days after Sarepta announced positive second quarter earnings, sending its share price up 20 percent. In particular, the company said that its FDA-approved drug for Duchenne, Exondys 51, had generated $35 million in sales in the quarter, far exceeding the consensus estimate of analysts of around $22 million. Sarepta also boosted its guidance for total revenue in 2017, from more than $95 million to between $125 million and $130 million.
While companies typically see their stock prices decline following stock offerings due to dilution, shares of Sarepta were up more than 1 percent as of 11:45 a.m. on Monday. As of that time, the company had not priced its offering.
Exondys 51 is the first disease-modifying treatment for Duchenne, which causes progressive muscle weakness and mainly affects boys. The drug is designed to skip over a particular genetic mutation that is shared by about 13 percent of patients.
Sarepta’s pipeline currently includes a handful of Duchenne drugs that target other genetic mutations, as well as the experimental gene therapy treatments.
.......................
- Forums
- ASX - By Stock
- PYC
- If you need more anticipation US2.3b
PYC
pyc therapeutics limited
Add to My Watchlist
1.56%
!
$1.27

If you need more anticipation US2.3b, page-35
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$1.27 |
Change
-0.020(1.56%) |
Mkt cap ! $737.8M |
Open | High | Low | Value | Volume |
$1.29 | $1.29 | $1.25 | $4.616M | 3.649M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19940 | $1.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.27 | 1008 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19940 | 1.250 |
2 | 4225 | 1.225 |
1 | 20000 | 1.220 |
1 | 4000 | 1.200 |
1 | 8000 | 1.135 |
Price($) | Vol. | No. |
---|---|---|
1.265 | 1008 | 1 |
1.270 | 6262 | 1 |
1.285 | 58876 | 2 |
1.295 | 24500 | 1 |
1.300 | 28670 | 3 |
Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
Featured News
PYC (ASX) Chart |
The Watchlist
3DA
AMAERO LTD
Hank Holland, Chairman & CEO
Hank Holland
Chairman & CEO
Previous Video
Next Video
SPONSORED BY The Market Online