Sarepta reports Q2 EPS (27c) , consensus ($1.78)

Reports Q2 revenue $261.2M, consensus $259.6M. “With a positive Advisory Committee vote followed by the approval of ELEVIDYS in June, this quarter marks an historic milestone in the treatment of Duchenne muscular dystrophy. The launch of ELEVIDYS is off to a great start, with our first reimbursed infusion today, ahead of plan. In addition to making this launch a success, our paramount goal is to translate a positive result in our confirmatory trial, EMBARK, later this year to a broad label as rapidly as possible,” said Doug Ingram, CEO, Sarepta. “Even as we focus on the launch of our fourth approved therapy, we have remained committed to serving the community with our three approved PMO therapies. Achieving net product revenue in the second quarter of $239.0 million on combined sales of EXONDYS 51, AMONDYS 45, and VYONDYS 53, I am pleased to report that we continued to serve the Duchenne community.”