Sarepta Tests Biotech's CEO Vacuum Hypothesis

In a biotech M&A desert, investors go crazy for any sign of water.

That makes it tempting to dismiss the burst of M&A speculation around Sarepta Therapeutics Inc. that erupted on Friday. The company announced CEO Ed Kaye's planned departure in September, which spurred rumors of a possible buyout, pushing Sarepta shares up as much as 13 percent.

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