US Will Work With Foodmakers to Stop the Use of Synthetic Dyes
Food and Drug Administration Commissioner Marty Makary said Tuesday the agency would work with the industry to eliminate six synthetic dyes by the end of 2026, including Red 40, Yellow 5 and Blue 1. The FDA will also ask the industry to eliminate Red 3 before 2027, the timeline set by the Joe Biden administration.
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Medscape
3 hours ago
- Medscape
Me-Too Cancer Drugs Not Often Compared to Original
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Washington Post
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Business Insider
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Sarepta Stock (SRPT) Rallies on FDA Nod for Broader Gene Therapy Use
Shares of Sarepta Therapeutics (SRPT) jumped over 14% on Tuesday after the FDA authorized the company to restart shipments of its gene therapy for certain Duchenne muscular dystrophy (DMD) patients. SRPT stock has recovered some of its recent losses but remains down over 80% year-to-date. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. FDA Reversal Brings Relief for Sarepta On Monday, the FDA recommended partially lifting the hold on Elevidys shipments. The FDA had used a few rare deaths in patients with advanced DMD as a reason to reconsider the drug's approval and potentially remove it from the market. Now, the agency states that boys who can still walk independently are eligible to receive the gene therapy. This decision aligns with the existing evidence showing the treatment's benefits outweigh the risks. Back in June, the company had paused the use of the therapy in boys who could no longer walk while it investigated the safety concerns. Recently, SRPT stock dropped sharply after the FDA asked Sarepta to stop all Elevidys shipments. The decision came after the therapy was linked to two patient deaths, raising safety concerns. In response, the company voluntarily paused U.S. shipments of the treatment. For context, Elevidys is a one-time gene therapy for DMD in patients aged four and older, and it makes up about half of Sarepta's total revenue. What Is the Price Prediction for SRPT? According to TipRanks, Wall Street has a Hold consensus rating on SRPT stock, based on five Buys, 19 Holds, and five Sells assigned in the last three months. The average Sarepta Therapeutics stock price target of $21.68 implies a 37% upside potential.
