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Sarepta halts Elevidys shipments; stock tumbles, target cut to $0
short by / on Tuesday, 22 July, 2025
Sarepta paused US shipments of its DMD drug Elevidys amid FDA label review, causing shares to plunge over 13%. The FDA also halted its LGMD trials. HC Wainwright slashed its target to $0, citing no value without Elevidys sales. Despite retail bullishness, analysts flagged safety concerns. Short interest surged to 15%, with SRPT at a 147% discount to average target.
read more at Stocktwits