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.
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