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After winning an expanded approval for its gene therapy to treat Duchenne muscular dystrophy earlier this year, Sarepta Therapeutics said it would discontinue its development of another clinical-stage Duchenne treatment.
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Citing outstanding debt of $17 million, the mortgage holder says it has not received payments from Weinberg Campus since at least January 2021.
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The facility has been designed for future expansion.
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The Gaithersburg company closed the third quarter “in its strongest financial position since 2021,” CEO Joe Papa said on a company earnings call.
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The deal provides for a significant investment in the Akron health system.
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The site previously housed Orchard Supply.
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Texas Health Presbyterian Hospital Plano is investing hundreds of millions of dollars in an expansion that will increase the hospital’s capacity from 230 beds to 400. An 8-story patient tower is part of the plans.
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Texas A&M University’s College of Medicine has received its largest gift ever.
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