Sarepta Gobbles Up Gene Therapy Partner Myonexus After Early Data Win In Muscular Dystrophy
• By Jo Shorthouse
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Sarepta Therapeutics has wasted no time in buying out partner Myonexus, swallowing up five extra clinical candidates, after studies of its lead gene therapy for limb-girdle muscular dystrophy showed positive results.
Sarepta is following the money with Myonexus Buy • Source: Shutterstock
Sarepta Therapeutics Inc. shares rose 10% on the news that it is to buy partner Myonexus Therapeutics Inc. for $165m on the back of positive Phase I/II data from the three-patient study of its gene therapy, MYO-101, in limb-girdle muscular dystrophy (LGMD).
Although from just three patients, with another six patients to dose, JMP Securities analysts were impressed by the initial data,...
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