December 4, 2017 / 10:14 PM / 11 days ago

Sarepta Therapeutics investors seek revival of fraud lawsuit

A lawyer for Sarepta Therapeutics Inc shareholders urged a federal appeals court on Monday to revive a lawsuit claiming the company misled investors about whether it had gathered enough data to seek Food and Drug Administration approval for a treatment for a rare muscle disorder.

The 1st U.S. Circuit Court of Appeals in Boston heard arguments in a lawsuit claiming the Cambridge, Massachusetts-based drugmaker falsely claimed its existing clinical data was enough to file an application to bring Exondys 51 to market.

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