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Sarepta Therapeutics, Inc. Message Board

  • usagary1 usagary1 Sep 4, 2012 7:14 AM Flag

    Ebola contract due today

    seems like with all the recent facts ''how well Sarepta's drugs work'' dmd for example''

    it would be in the Governments' best deal to keep Sarepta's Ebola drug going forward/

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    • If we don't get an announcement today, then I feel better about the possibility of the stay being lifted. However, if you remember, we announced our stay on Friday PM last time and Monday AM Techmira announced theirs.

      So, I don't think we can draw any conclusions yet.

      jrrt1

      • 1 Reply to jrrt1
      • read this,,,

        Sarepta Therapeutics gets stop work order from US defense dept



        Fri Aug 3, 2012 5:31pm EDT

        * Says the order related to Ebola contract

        * Shares fall 6 pct in after-market trade

        Aug 3 (Reuters) - Sarepta Therapeutics Inc, which gets a majority of its revenue from government drug research contracts, said the United States Department of Defense ordered it to stop work on the Ebola portion of a contract, citing funding constraints.

        Sarepta's shares fell 6 percent to a low of $8.20 in after-market trade. They closed at $8.73 on the Nasdaq on Friday.

        The stop-work order does not apply to the ongoing Marburg portion funded under the same hemorrhagic fever virus therapeutics contract, Sarepta said in a regulatory filing.

        The stop-work order will remain in effect till Sept. 1, before which the DoD will either lift it, extend the stop-work period or end the Ebola portion of the contract.

    • i predicted srpt's stay was lifted on friday; we know tecmer got the word that their stay was extended;; we have to assume srpt was informed friday of the status of their contract; either it was lifted and srpt is sitting on the news to announce this week or srpt simply blew it; if the stay was extended, it was not unexpected, but still it's negative news and should have been released on friday before a holiday weekend like tecmer did

      these new message boards blow

 
SRPT
22.83+0.61(+2.75%)Oct 20 4:00 PMEDT

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