Sarepta stock falls on FDA gene therapy Elevidys comment

Shares of Sarepta Therapeutics plunged more than 30% on Friday as the future of its approved gene therapy treatment appeared at risk.

The Food and Drug Administration will request that the company voluntarily stop all shipments of the treatment, Elevidys, a person familiar with the matter told CNBC.

Separately, FDA Commissioner Marty Makary told Bloomberg News the agency is considering whether the company’s gene therapy should stay on the market.

The FDA has been investigating two patient deaths tied to Elevidys. The company also reported a third death tied to a separate experimental gene therapy.

Sarepta did not immediately respond to a request for comment.

— CNBC’s Angelica Peebles contributed to this report

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