Morgan Stanley Views Sarepta CEO Transition As A ‘Positive’ – So, Why Is It Cautious On SRPT Stock In The Near Term?
Morgan Stanley said Sarepta Therapeutics' (SRPT) appointment of biotech veteran Michael Severino as its new CEO is a ‘positive’ development, but the firm remains cautious in the near term due to ongoing challenges in its Duchenne muscular dystrophy (DMD) business.SRPT stock was up around 4% at the…