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Sarepta Therapeutics up 6% - Plans to Acquire Manufacturing Facility

Sarepta Therapeutics up 6% - Plans to Acquire Manufacturing Facility

Sarepta Therapeutics (SRPT), which develops innovative RNA-based therapeutics, said it has agreed to acquire a multifunctional manufacturing facility on 26 acres of land in Massachusetts. Sarepta intends to use the facility to manufacture investigational exon skipping therapies for Duchenne muscular dystrophy. The transaction totals about $25 million in acquisition costs and planned enhancements, and is expected to close in July. SRPT trades in a 52-week range of $12.12 to $55.61.

Sarepta Therapeutics up 6% - Plans to Acquire Manufacturing Facility