Sarepta reports strong 3rd-qtr 2024 sales growth

7 November 2024

US drugmaker Sarepta Therapeutic (Nasdaq: SRPT) saw its shares gain 2.4% to $127.97 as it reported financial results for the third quarter 2024.

Net product revenues for the third quarter 2024 totaled $429.8 million, a 39% increase over the same quarter of the prior year.

The increase primarily reflects the initial product launch of Elevidys (delandistrogene moxeparvovec-rokl) in June 2023 and expanded label in June 2024, partially offset by a $22.5 million decrease in the amortization of the single, combined performance obligation under our collaboration agreement with Roche (ROG: SIX), which was fully amortized as of December 31, 2023.

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