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Sarepta capitalizes on hot streak with $125M financing

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A school of thought in biotech calls for raising money, and as much as you can, when the time is right or whenever it's available (depending on circumstances). Sarepta Therapeutics ($SRPT) has seen demand for its stock spike since the company revealed impressive long-term data two months ago from a mid-stage study of its therapy eteplirsen in patients with Duchenne muscular dystrophy. With the stock sizzling since then, Sarepta has gone out and raised an impressive $125 million. Now the company has restocked its coffers as it seeks meetings with U.S. regulators about getting an early nod for the drug for the rare muscle-wasting disease. Hear what CEO Chris Garabedian had to say about the rationale for the deal to The Street. Interview