Sarepta Therapeutics (NASDAQ: SRPT), a midcap biotech company, was riding high 18 months ago. The company was awaiting a crucial regulatory approval from the U.S. Food and Drug Administration (FDA) while delivering solid financial results.

However, a lot has happened since. Sarepta Therapeutics encountered clinical and regulatory headwinds that dragged down its stock price. Sarepta has not performed well on the stock market over the past year. Can the biotech bounce back, or is investing in the stock no longer worth it today?

Sarepta Therapeutics earned approval for Elevidys, a treatment for Duchenne muscular dystrophy (DMD), last year. DMD is a rare, progressive neuromuscular disease that significantly reduces patients' life expectancies.

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Source Fool.com