Three Views for Sarepta Therapeutics Inc (SRPT) on Prosensa’s IPO

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Foolish take
Count me in the neutral corner on this one. Prosensa filed its F-1 on May 28. While Sarepta’s shares bounced up and down some since then, they’re close to the same price level where they were before the IPO announcement.

What really matters for Sarepta Therapeutics Inc (NASDAQ:SRPT) right now is how quickly eteplirsen can get to market. Whether the company can gain accelerated approval makes nearly everything else irrelevant in the near term. I’m in the undecided corner there, because I think it could go either way.

I’m not neutral or undecided on Sarepta over the long run, though. My take is that the company will gain approval for eteplirsen (sooner or later). The stock has more room to run. If you’re an investor, room to run is always the room with best view.

The article 3 Views for Sarepta on Prosensa’s IPO originally appeared on Fool.com and is written by Keith Speights.

Fool contributor Keith Speights has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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