Sarepta up 12% following genetic therapy investment
Shares in Sarepta Therapeutics (Nasdaq: SRPT) were up 12% at lunchtime on Thursday, after the RNA therapy specialist announced a $30 million deal with Lacerta Therapeutics which added three CNS gene therapies to its pipeline.
The deal with Lacerta, a University of Florida spin-out with extensive adeno-associated vector (AAV) experience, will see Sarepta take charge of clinical operations for its partner's pipeline, which includes therapies for Pompe disease, glioblastoma and neurodegenerative proteinopathies.
"Today’s investment with Lacerta bolsters Sarepta’s position as a leader in precision genetic medicine"
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