It's been a while, but Sarepta's drug (which I've been blogging about since October) gained FDA approval this morning and the stock is currently up 80 percent, to $51.26. As you can see below, it was $16 on May 2nd. It actually fell to $8 after a particularly scathing FDA review earlier this year.
Given that the market for the drug is smaller than I thought (only 14% of the MD patients qualify for it), I am exiting my position.
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