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Leerink analyst Joseph Schwartz said that it is 75 percent likely that a competing drug, drisapersen, will hit the market by the first quarter of 2015, earlier than eteplirsen, which he said is likely to require a late-stage study to win U.S. approval.
Drisapersen is being developed by GlaxoSmithKline Plc (GSK.L) and privately held Dutch drugmaker Prosensa to treat DMD, but has shown some safety issues.
However, Piper Jaffray's Edward Tenthoff hiked his price target on Sarepta's stock by $15 to $50, saying the regulator's request boded well for eteplirsen's accelerated approval.
"We now believe that this request indicates an effort by the FDA to find a path to accelerated approval and an increased likelihood that Sarepta will be able to file (for marketing approval) for eteplirsen later this year," said Tenthoff, who backed his "overweight" rating on the stock.
Edward Nash of Cowen & Co said he was "confident that eteplirsen has a superior clinical profile when compared to the direct competitor