Shares of Sarepta Therapeutics (SRPT - Free Report) closed 8.4% higher on Tuesday, and were up as much as 12% in earlier in the trading session after it announced positive data for its Duchenne Muscular Dystrophy (DMD) drug.
SRP-9001 is an investigational gene transfer therapy intended to deliver a micro-dystrophin-encoding gene to muscle tissue. DMD causes muscle degeneration and weakness and alters thedystrophin protein that helps keep muscle cells intact.
20 participants between the ages of 4 and 7 were treated in the study. All showed robust transduction, with average dystrophin level of 55.4% of normal. Overall, SRP-9001 demonstrated “[a] consistent safety profile.” Mizuho Securities analyst Difei Yang told clients in a note that these positive results are an important step for Sarepta to begin Phase 3 testing.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Shares of Sarepta Therapeutics (SRPT - Free Report) closed 8.4% higher on Tuesday, and were up as much as 12% in earlier in the trading session after it announced positive data for its Duchenne Muscular Dystrophy (DMD) drug.
SRP-9001 is an investigational gene transfer therapy intended to deliver a micro-dystrophin-encoding gene to muscle tissue. DMD causes muscle degeneration and weakness and alters thedystrophin protein that helps keep muscle cells intact.
20 participants between the ages of 4 and 7 were treated in the study. All showed robust transduction, with average dystrophin level of 55.4% of normal. Overall, SRP-9001 demonstrated “[a] consistent safety profile.” Mizuho Securities analyst Difei Yang told clients in a note that these positive results are an important step for Sarepta to begin Phase 3 testing.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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