Active Stocks News Review: Sarepta Therapeutics Inc (NASDAQ:SRPT), Rex Energy Corporation (NASDAQ:REXX)

Toward the end of Monday’s exchange, Shares of Sarepta Therapeutics Inc (NASDAQ:SRPT), increased 2.31% to $36.77.


Sarepta Therapeutics, Inc., a biopharmaceutical organization, concentrates on the revelation and improvement of RNA-based therapeutics for the treatment of uncommon, irresistible, and different sicknesses. Its lead item competitor is Eteplirsen, an antisense phosphorodiamidate morpholino oligomer restorative, which is in Phase III clinical advancement stage for the treatment of people with Duchenne strong dystrophy (DMD), an uncommon hereditary muscle-squandering ailment created by the unlucky deficiency of dystrophin.

Sarepta Therapeutics, pronounced that organization will be exhibiting an organization diagram and upgrade at the 2015 Morgan Stanley Global Healthcare Conference in New York, NY. Edward Kaye, Sarepta’s between time CEO and boss therapeutic officer, will speak to the organization in a fireside talk on Thursday, September 17 at 4:40 PM Eastern Time.

On Monday, Shares of Rex Energy Corporation (NASDAQ:REXX), lost – 6.40% to $2.34.

Rex Energy Corporation works as an autonomous oil, regular gas fluid, and characteristic gas organization in the Appalachian and Illinois bowls in the United States. The organization concentrates on the Marcellus Shale, Utica Shale, and Burkett Shale penetrating and investigation exercises in the Appalachian Basin, notwithstanding on formative oil boring and the execution of enhanced oil recuperation on its properties in the Illinois Basins.

Rex Energy Corporation, proclaimed that its bank gathering has reaffirmed the current $350 million getting base under the organization’s senior secured credit office. Under the credit’s terms assention, the bank bunch re-decides the getting base semi-every year using the bank’s assessments of stores and future oil and gas costs.

Besides, the bank gathering sanction a change to the credit understanding which, in addition to other things, permits the organization to repurchase up to $25 million of Rex Energy regular stock or senior unsecured notes, subject to specific terms and conditions.

“We welcome the backing of our bank bunch as we keep on exploring through the testing value environment,” said Tom Stabley, Rex Energy’s President and Chief Executive Officer. “Safeguarding our liquidity and adaptability is a key part of our procedure. We keep on pursueing arranged exchanges to further decrease our capital consumption spending plan, change general liquidity, and hold by creation the organization’s center position in the Appalachian Basin.

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About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.