Sarepta Therapeutics: Beaten Down, But Not Out

  • SRPT stock now trades at book for the first time ever, despite historically commanding 7x–10x multiples. ELEVIDYS remains FDA-approved for ambulant use and may regain broader access with new protocols underway. Sarepta has $850M in cash, $500M+ in quarterly revenue, and is cutting $400M in costs by 2026.