So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...

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So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
Patients can’t wait for the next breakthrough
            in medical research.

            So neither will we.

                                                                                                       KAREN
                                                                                                       Living with limb-girdle
                                                                                                       muscular dystrophy
                                                            ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.           1
FALL 2020
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
Forward-looking statements
                  This presentation contains "forward-looking statements." Any statements that are not statements of historical fact may be deemed to be forward-looking statements. Words such as
“believe,” “anticipate,” “plan,” “expect,” “will,” “may,” “intend,” “prepare,” “look,” “potential,” “possible” and similar expressions are intended to identify forward-looking statements. These forward-
looking statements include statements relating to our opportunities in the rare disease space; potential solutions and market opportunities with our RNA technologies, gene therapy and gene editing;
our programs’ potential to treat 1.5M patients; the potential benefits of our technologies and scientific approaches, including the potential of RNA-targeted medicine to increase or decrease
production of a protein involved in a disease; Sarepta being poised to have 3 PMOs serving ~29% of the DMD community in 2021; the potential benefits of PMO and PPMO, including PPMO’s
potential to greatly increase cell penetration, lead to more efficient dosing and deliver to unique muscle types; the potential benefits of MHCK7, AAVrh74, SR2, SR3 and β-SARCOGLYCAN; the
potential of our LGMD portfolio to generate a steady stream of gene therapy candidates; our goal to identify 2 gene therapy product candidates per year; the potential benefits of iCELLis adherent
mammalian manufacturing technology; our forecast curve for gene therapy; our sustainable model for transformative gene therapies; having an access and reimbursement plan in 2021 and an
expected development horizon of 3.5 years; the potential of gene therapy’s applicability across disease; the potential of our collaborations and partnerships; and the estimated number of patients
suffering from DMD, LGMD, CMT and MPS IIIA.
                    These forward‐looking statements involve risks and uncertainties, many of which are beyond our control and are based on our current beliefs, expectations and assumptions
regarding our business. Actual results and financial condition could materially differ from those stated or implied by these forward‐looking statements as a result of such risks and uncertainties and
could materially and adversely affect our business, results of operations and trading price. Potential known risk factors include, among others, the following: we may not be able to comply with all
FDA post-approval commitments and requirements with respect to EXONDYS 51 and VYONDY 53 in a timely manner or at all; our data for our different programs may not be sufficient for obtaining
regulatory approval; our product candidates, including those with strategic partners, may not result in viable treatments suitable for commercialization due to a variety of reasons, including the
results of future research may not be consistent with past positive results or may fail to meet regulatory approval requirements for the safety and efficacy of product candidates; success in preclinical
testing and early clinical trials, especially if based on a small patient sample, does not ensure that later clinical trials will be successful; the expected benefits and opportunities related to our
agreements with our strategic partners may not be realized or may take longer to realize than expected due to a variety of reasons, including any inability of the parties to perform their commitments
and obligations under the agreements, challenges and uncertainties inherent in product research and development and manufacturing limitations; if the actual number of patients suffering from
DMD, LGMD, CMT and MPS IIIA is smaller than estimated, our revenue and ability to achieve profitability may be adversely affected; our dependence on our manufacturers to fulfill our needs for our
clinical trials and commercial supply, including any failure on our part to accurately anticipate product demand and timely secure manufacturing capacity to meet product demand, may impair the
availability of products to successfully support various programs, including research and development and the potential commercialization of our gene therapy product candidates; we may not be
able to successfully scale up manufacturing of our product candidates in sufficient quality and quantity or within sufficient timelines; current reimbursement models may not accommodate the unique
factors of our gene therapy product candidates; we may not be able to execute on our business plans and goals, including meeting our expected or planned regulatory milestones and timelines,
clinical development plans, and bringing our product candidates to market, for various reasons including possible limitations of our financial and other resources, manufacturing limitations that may
not be anticipated or resolved for in a timely manner, regulatory, court or agency decisions, such as decisions by the United States Patent and Trademark Office and the COVID-19 pandemic; and
those risks identified under the heading “Risk Factors” in Sarepta’s most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10‐Q filed with the Securities and Exchange
Commission (SEC) and in its other SEC filings.
                For a detailed description of risks and uncertainties Sarepta faces, you are encouraged to review Sarepta's filings with the SEC. We caution investors not to place considerable reliance
on the forward‐looking statements contained in this presentation. The forward‐looking statements in this presentation are made as of the date of this presentation only and, other than as required
under applicable law, Sarepta does not undertake any obligation to publicly update its forward‐looking statements.

                                                                                                                                           ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.            2
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
The opportunity to save lives
is breathtaking

                                ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   3
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
7,000 Rare Diseases
                                                      ~80% are single gene mutations
                                                                              And only 5% of rare diseases currently have treatments

* https://ncats.nih.gov/trnd/projects/gene-therapy Accessed September 2019.                              ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   4
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
400M
                                                                                                        Rare diseases

                                                                                                                                                                 30%
                                                                                                      are responsible for

    Rare disease patients w/w
                                                                                                        35%
                                                                                                      of deaths
                                                                                                                                                                     of children
                                                                                                                                                                with a rare disease
                                 50%                                                              in the first year of life*                                   will never reach their
                               Children*
                                                                                                                                                               5th birthday*

                                                                              ..and the statistics sobering

EVERY DAY                                                                                                  Duchenne takes the life of a child

*http://www.fromhopetocures.org/fighting-rare-diseases

•    https://www.raregenomics.org/rare-disease-facts Accessed September 2019.
•    https://www.who.int/medicines/areas/priority_medicines/Ch6_19Rare.pdf Accessed September 2019.
                                                                                                                               ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   5
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
The time is now for solutions

                                ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   6
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
Sarepta is leading this revolution
Armed with the most advanced science in genetic medicine,
we are in a daily race to rescue lives otherwise stolen by rare disease.
At Sarepta, every day is another 24 hours to stand up for patients,
advance technology, challenge convention and drag tomorrow into today.

                                                              ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   7
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
A multi-platform approach to the problem

                         RNA                     GENE                              GENE

                   14                           27                                  2
                                                THERAPY                           EDITING

                  PROGRAMS                      PROGRAMS                      PROGRAMS

                                           43 programs in all
                                   Potential to treat 1.5M patients*
*Based on published epidemiology                                ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   8
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
RNA engine

             ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   9
So neither will we. Patients can't wait for the next breakthrough in medical research - Investor ...
An elegant RNA precision genetic medicine approach

       RNA              Pre-mRNA               mRNA              Ribosome translates                    Protein is
   Transcription        spliced into         leaves the          mRNA and assembles                  transported to
      begins           mature mRNA             nucleus               the protein                   perform its function

        1                   2                     3                      4                                        5

                                        SAREPTA’S RNA-TARGETED
                                             THERAPEUTIC

 RNA-targeted Medicine - Designed to increase or decrease production of a protein involved in a disease

                                                                             ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   10
Proprietary PMO Technology
Phosphorodiamidate morpholino oligomer (PMO) Technology

Specificity:              Enhanced affinity for targeting pre-mRNA for precise binding to the selected RNA target
Stability:                Highly resistant to degradation by enzymes
Versatility:              Ability to rapidly design and construct drug candidates that are specific for human or
                          pathogen RNA; and target specific tissues
Safety:                   Built upon a charge-neutral backbone, which may be reflected in tolerability

                                                                                                                                                         Exons

                                                                                                                                                              Protein

              The PMO directs the splicing machinery to skip an exon when processing the pre-mRNA. As a result, the alternate
              mRNA allows for the production of a shortened, functional dystrophin protein.

  Kole R, Lepper BJ. Discovery Medicine, Volume 14, Number 74, July 2012
                                                                                                         ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.    11
Poised to have 3 PMOs serving the community in 2021

                                                                                                                                                     CASIMERSEN
                                                                                                                                                      (SRP-4045)

   September 2016:                                                                     December 2019:                                       Mid-2020:
   Approved to treat patients with a                                                   Approved to treat patients with a                    Submitted NDA
   confirmed genetic mutation that                                                     confirmed genetic mutation that                      (8% of DMD population)
   is amenable to exon 51 skipping                                                     is amenable to exon 53 skipping
   (13% of DMD population)*                                                            (8% of DMD population)*

 *Candidate received accelerated approval in the U.S., confirmatory studies required
                                                                                                                           ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   12
PPMO Next-Generation Technology
Peptide phosphorodiamidate morpholino oligomer (PPMO) Technology

Enhances PMO
•   Conjugated peptide greatly increases
    cell penetration
•   Could potentially lead to more
    efficient dosing for patients
•   Able to deliver PMOs to unique
    muscle types (e.g., heart)

                                                                   ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   13
Gene therapy engine

                      ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   14
Critical components of Sarepta’s gene therapy engine

                                   VECTOR
                        Must deliver the transgene
                        to target cells with minimal
                        immune response

                                                       PROMOTER
                                                       Drives expression in
                                                       intended tissues

                       TRANSGENE
                       Produces a functioning
                       version of the protein of
                       interest

                                                                              ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   15
Sarepta’s gene therapy engine at work – Duchenne muscular dystrophy

           EARLY CLINICAL RESULTS
                                                                                                                                                                                    ONE YEAR FUNCTIONAL RESULTS
           MICRO-DYSTROPHIN GENE
                                                                                                                                                                              MICRO-DYSTROPHIN GENE THERAPY FOR DMD
             THERAPY FOR DMD*
                                                                                                                VECTOR                                                          – AVERAGE CHANGE FROM BASELINE4***

 81% 96%
                                                                                                                AAVrh74
                                                                                                                                                                                       NSAA                             TIME TO RISE

                                                                                                                                                                                  5.5                                        .4
                                                                                                • Provides systemic delivery to muscle
                                                                                                  cells, including the
                                                                                                  heart and skeletal muscle
Expression of micro-                      Expression of
dystrophin in muscle
       fibers1
                                   micro-dystrophin measured
                                       by signal intensity1
                                                                                                • Low level of pre-existing
                                                                                                  immunity
                                                                                                                                    PROMOTER                                  POINT IMPROVEMENT                      SECOND IMPROVEMENT
                                                                                                                                           MHCK7
                                                                                                                                         • Optimized for desired
                                                                                                                                           skeletal and cardiac

96% 67%
                                                                                                                                           muscle expression levels

                                                                                             TRANSGENE                                   • 120% expression in
                                                                                                                                           cardiac muscle vs                    4 STAIRS UP                                  100 M

                                                                                                                                                                                  1.3                                        9.1
                                                                                          MICRO-DYSTROPHIN                                 skeletal muscle2
                                           Reduction of
   Expression of                         creatine kinase4                                         • Designed to generate a
  micro-dystrophin                           at 1 year                                              functional micro-dystrophin
   measured by                                                                                                                                                               SECOND IMPROVEMENT                      SECOND IMPROVEMENT
                                                                                                  • Includes SR2 and SR3 -
  Western blot**,1
                                                                                                    essential for muscle force3

1. Clinical Update: Micro-dystrophin Study-101 - March 25, 2019 - Micro-dystrophin Gene Therapy Update
   Conference Call - Sarepta Therapeutics Data on File.
2. Potter et al. Functional and Histological Improvements Comparing 4 Micro-dystrophin Constructs in the mdx
   Mouse Model of DMD. ASGCT 2019.                                                                                                                                              ClinicalTrials.gov Identifier: NCT03375164
2. Potter et al. Functional and Histological Improvements Comparing 4 Micro-dystrophin Constructs in the mdx                                                                    Sarepta Therapeutics Data on File
   Mouse Model of DMD. AIM 2019.
3. Nelson DM, Ervasti JM, et al. Variable rescue of microtubule and physiological phenotypes in mdx muscle                                                                      *Data from the 4 patients dosed in Study NCT03375164
   expressing different miniaturized dystrophins. Human Molecular Genetics, 2018, Vol. 27, No. 12: 2090-2100.                                                                   **NCH Western blot method
4. Mendell JR et al. Assessment of Systemic Delivery of rAAVrh74.MHCK7.micro-dystrophin in Children With                                                                        ***North Star Ambulatory Assessment (NSAA), Time to Rise, 4 Stairs Up, and 100M
   Duchenne Muscular Dystrophy A Nonrandomized Control Trial. JAMA Neurol. doi:10.1001/jamaneurol.2020.1484.
                                                                                                                                                                      ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.                             16
Micro-dystrophin is investigational and has not been FDA reviewed or approved.
Sarepta’s Gene Therapy Engine at Work – Consistent Results with
β-sarcoglycan Gene Therapy in LGMD type 2E
             COHORT 1 - 5x1013 vg/kg                                                                                                                                                           COHORT 2 - 2x1014 vg/kg
             EXPRESSION AND 1 YEAR                                                                                                                                                          EXPRESSION AND PRELIMINARY
              FUNCTIONAL RESULTS1                                                                                       VECTOR                                                                   CLINICAL RESULTS3

 51% 47%                                                                                                                                                                               72% 73%
                                                                                                                          AAVrh74

      Expression of
     β-sarcoglycan in
                                            Expression of
                                     β-sarcoglycan measured                                                                                            PROMOTER                          Expression of
                                                                                                                                                                                        β-sarcoglycan in
                                                                                                                                                                                                                     Expression of
                                                                                                                                                                                                                β-sarcoglycan measured
      muscle fibers                      by signal intensity                                                                                                                             muscle fibers             by signal intensity
                                                                                                                                                                  MHCK7

                                                                                                                                                                                     62% 89%
                                                All patients                                       TRANSGENE
36%  Expression of
                                     improved in
                                     all functional
                                       endpoints
                                                                                                β-SARCOGLYCAN
                                                                                                                                                                                        Expression of
                                                                                                                                                                                                                       Reduction of
                                                                                                                                                                                                                      creatine kinase
     β-sarcoglycan                                                                                                                                                                      β-sarcoglycan
                                                 at 1 year2
 measured by                                                                                                                                                                           measured by
Western blot**                                                                                                                                                                        Western blot**

*Data from the 3 patients dosed in Study NCT03652259
**NCH Western blot method

1.     February 27, 2019, http://investorrelations.sarepta.com/news-releases/news-release-details/sarepta-therapeutics-announces-positive-and-robust-expression
2.     October 4, 2019, http://investorrelations.sarepta.com/news-releases/news-release-details/sarepta-therapeutics-announces-positive-functional-results-srp
3.     June 8, 2020, https://investorrelations.sarepta.com/news-releases/news-release-details/sarepta-therapeutics-announces-positive-expression-and

LGMD2E is investigational and has not been FDA reviewed or approved.                                                                                                      ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.         17
Gene therapy engine at work across LGMD portfolio

OPPORTUNITY TO GENERATE
A STEADY STREAM OF
GENE THERAPY CANDIDATES

                              LGMD2E

   LGMD2D            LGMD2B   LGMD2C         LGMD2L                                      LGMD2A

                                            ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   18
Sarepta’s gene therapy engine at work: now, and into the future
 PROGRAM                                                                              DISCOVERY   PRECLINICAL             CLINICAL                       COMMERCIAL
SRP-9001 Micro-dystrophin
GALGT2 Nationwide Children’s
Micro-dystrophin Genethon
SRP-9003 (LGMD2E β-sarcoglycan)
SRP-9004 (LGMD2D α-sarcoglycan)
SRP-9005 (LGMD2C γ-sarcoglycan)
SRP-6004 (LGMD2B Dysferlin)
SRP-9006 (LGMD2L Anoctamin 5)
Calpain 3 (LGMD2A) Nationwide Children’s
Neurotrophin 3 (CMT1A) Nationwide Children’s
LYS-SAF302 (MPS IIIA) Lysogene
Cardiomyopathy University of Florida
Pompe Disease Lacerta
CNS Lacerta
Multiple Sclerosis University of Florida
Rett Syndrome 1 University of Massachusetts
Rett Syndrome 2 StrideBio
Dravet Syndrome StrideBio
Angelman Syndrome StrideBio
Niemann-Pick Type C StrideBio
Four Muscle/CNS Targets StrideBio
Muscle/Cardiovascular Targets Dyno Therapeutics
Emery-Dreifuss muscular dystrophy Type 1 Columbia University
Duchenne Institute of Myology

                                                                 2 TARGETS PER YEAR - NEW GENE THERAPY CENTER OF EXCELLENCE
                                                                                                                ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   19
                   All pipeline compounds are ongoing clinical trial investigation.
Setting the standard in
gene therapy manufacturing

                             ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   20
Sarepta’s hybrid strategy - external thought leaders complement
our internal expertise

                                              ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   21
Sarepta’s manufacturing expertise

                                    ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   22
Advancing the gold standard in gene therapy manufacturing

                A deliberate and strategic move to
                iCELLis® adherent mammalian

                                                                                             iCELLis® adherent
                                                                                                mammalian

                                                     ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   23
Advancing the gold standard in gene therapy manufacturing

                       A deliberate and strategic move to
Benefits
                       iCELLis® adherent mammalian
• Mitigated Risk
• Increased Speed
• Expanded Scale
• Improved Cost
  Efficiency

                                                            ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   24
Sarepta’s sustainable model for
one-time transformational therapies

                              ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   25
One-time gene therapy model vs. chronic therapy model

One-Time
    Gene    Only dose                     $
 Therapy

  Chronic                                                                                                                                $$$
 Therapy    Dose 1      Dose 2   Dose 3       Dose 4             Dose 5         Dose 6                          Dose 7

                                                       LIFETIME THERAPY COSTS

                                                                                                                        For illustrative purposes

                                                                                ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.      26
Traditional drug development forecast curve

Chronic dosing model . . .

       Q1   Q2   Q3         Q4     Q5         Q6        Q7     Q8          Q9      Q10      Q11    Q12     Q13       Q14    Q15        Q16        Q17    Q18     Q19     Q20

                      Product 1   Product 2        Product 3   Product 4        Product 5   Product 6    Product 7    Product 8       Product 9     Product 10

                                                                                                                                  ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   27
Gene therapy forecast curve

One-time treatment model . . .

       Q1   Q2   Q3         Q4     Q5         Q6        Q7     Q8          Q9      Q10      Q11    Q12     Q13       Q14    Q15        Q16        Q17    Q18     Q19     Q20

                      Product 1   Product 2        Product 3   Product 4        Product 5   Product 6    Product 7    Product 8       Product 9     Product 10

                                                                                                                                  ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   28
Sarepta’s forecast curve

Creating a viable business model for gene therapy

       Q1   Q2   Q3         Q4     Q5         Q6        Q7     Q8          Q9      Q10      Q11    Q12     Q13       Q14    Q15        Q16        Q17    Q18     Q19     Q20

                      Product 1   Product 2        Product 3   Product 4        Product 5   Product 6    Product 7    Product 8       Product 9     Product 10

                                                                                                                                  ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   29
Sarepta’s sustainable model for transformative gene therapies

           DISCOVERY ENGINE
           Differentiated technologies
           unmatched in biotech             STEADY STREAM OF
                                             GENE THERAPIES
                                                                                          3.5YEARS
                                                                                      (from discovery)

                                                                                         READY IN

                                                                                      2020
           MANUFACTURING
           The most manufacturing
           capacity globally
                                             FULFILL CLINICAL &
                                            COMMERCIAL NEEDS

           ACCESS AND                                                                    READY IN

                                                                                     2021
           REIMBURSEMENT
           Working with key
           stakeholders to bring
           medicines to patients                  PATIENTS

                                               ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   30
Establishing a distinct partnership model to drive future success

                                                ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   31
A burgeoning pipeline
Today….

                        ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   32
Greater than 40 Programs in Development

                                                                                             DISCOVERY   PRECLINICAL              CLINICAL                          COMMERCIAL
RNA TECHNOLOGIES PMO
EXONDYS 51 (eteplirsen)*                                                              Duchenne
VYONDYS 53 (golodirsen)*                                                              Duchenne
Casimersen (SRP-4045)                                                                 Duchenne
Exon 52                                                                               Duchenne
Other Exon Targets**                                                                  Duchenne

RNA TECHNOLOGIES PPMO
SRP-5051                                                                              Duchenne
SRP-5053                                                                              Duchenne
SRP-5045                                                                              Duchenne
SRP-5052                                                                              Duchenne
SRP-5044                                                                              Duchenne
SRP-5050                                                                              Duchenne

*Candidate received accelerated approval in the U.S., confirmatory studies required
**Other exon targets in development: 43, 44, 50, and 55

Duchenne – Duchenne muscular dystrophy

                                                                                                                                                                                      33
                                                                                                                       ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.    33
Greater than 40 Programs in Development

                                                                                             DISCOVERY                                PRECLINICAL                                CLINICAL                       COMMERCIAL
GENE THERAPY
SRP-9001 Micro-dystrophin                                                        Duchenne
GALGT-2 Nationwide Children’s                                                    Duchenne
Micro-dystrophin Genethon                                                        Duchenne
SRP-9003 (LGMD2E β-sarcoglycan)                                                  LGMD
SRP-9004 (LGMD2D α-sarcoglycan)                                                  LGMD
SRP-9005 (LGMD2C γ-sarcoglycan)                                                  LGMD
SRP-6004 (LGMD2B Dysferlin)                                                      LGMD
SRP-9006 (LGMD2L Anoctamin 5)                                                    LGMD
Calpain 3 (LGMD2A) Nationwide Children’s                                         LGMD
Neurotrophin-3 (CMT 1A) Nationwide Children’s                                    CMT
LYS-SAF302 (MPS IIIA) Lysogene                                                   MPS
Cardiomyopathy University of Florida                                             CM

                                                                                 Duchenne
Duchenne – Duchenne muscular dystrophy   LGMD – Limb-girdle muscular dystrophyDuchenne
                                                                                CMT – Charcot-Marie-Tooth disease   MPS – Mucopolysaccharidosis   CNS – Central nervous system

                                                                                                                                                                                                                                  34
                                                                                                                                                                   ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.    34
Greater than 40 Programs in Development

                                                                                         DISCOVERY                               PRECLINICAL              CLINICAL                          COMMERCIAL
GENE THERAPY
Pompe Disease Lacerta                                                         Pompe
CNS Lacerta                                                                   CNS
Multiple Sclerosis University of Florida                                      MS
Rett Syndrome 1 University of Massachusetts                                   Rett
Rett Syndrome 2 StrideBio                                                     Rett
Dravet Syndrome StrideBio                                                     Dravet
Angelman Syndrome StrideBio                                                   Angelman
Niemann-Pick Type C StrideBio                                                 Niemann-Pick
Four Muscle/CNS Targets StrideBio                                             Muscle/CNS
Muscle/CV Targets Dyno Therapeutics                                           Muscle/CV
Emery-Dreifuss MD Type 1 Columbia University                                  EDMD
Duchenne Institute of Myology*                                               Duchenne

GENE EDITING
CRISPR/CAS9 Duke University                                                   Duchenne

Duchenne Harvard University                                                   Duchenne

*GTx + PPMO   CNS – Central nervous system   CV – Cardiovascular         Duchenne
                                                                   MD – muscular dystrophy   Duchenne – Duchenne muscular dystrophy

                                                                                                                                                                                                              35
                                                                                                                                               ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.    35
Duchenne muscular dystrophy (DMD)
DMD is a rare, fatal neuromuscular genetic disease

  INHERITANCE
  DMD is inherited in an X-linked recessive pattern.1
                                                                                                                        Genetic Root of Disease One or more mutations in the gene
                                                                                                                                                                                       that codes for dystrophin3
  SYMPTOMS
  Muscle weakness becomes increasingly noticeable by age 3 to 5,
  and most patients use a wheelchair by the time they are 11. During                                                    Missing Protein                                                Dystrophin3
  adolescence, cardiac and respiratory muscle deterioration lead to
  serious, life-threatening complications.1,2
                                                                                                                        Cellular Alteration                                            Instability of skeletal and cardiac muscle
                                                                                                                                                                                       cell membranes3
  POPULATION
  DMD affect approximately 1 in 3,500-5,000 males born
  worldwide.3                                                                                                           Tissue Deterioration                                           Muscle deterioration and replacement with
                                                                                                                                                                                       fatty and fibrotic tissue1
  TREATMENT
  Exon-skipping drugs are available for patients with certain                                                           Function Loss                                                  Typically loss of ambulation in early teens
  dystrophin mutations, broadly applicable gene therapy in                                                                                                                             and progressive pulmonary and cardiac
  development.                                                                                                                                                                         complications leading to mortality in
                                                                                                                                                                                       late 20s2
   1.   Hoffman EP, Brown RH, et al. Dystrophin: the protein product of the Duchenne muscular dystrophy locus. Cell. 1987;51:919-928.
   2.   Passamano L, Taglia A, et al. Improvement of survival in Duchenne Muscular Dystrophy: retrospective analysis of 835 patients. Acta Myologica. 2012;31(1): 121-125.
   3.   National Institutes of Health. Genetics Home Reference. Duchenne and Becker muscular dystrophy. https://ghr.nlm.nih.gov/condition/duchenne-and-becker-muscular-dystrophy. Accessed May 2019.

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Limb-girdle muscular dystrophy (LGMD)

 INHERITANCE
 The LGMDs are a group of genetically heterogeneous, autosomal                                                             Genetic Root of Disease Broad range of mutations in various genes
 inherited (recessive more common than dominant) muscular                                                                                                             responsible for protein production3
 dystrophies with a childhood to adult onset. 1

                                                                                                                           Missing Proteins                           Depends on specific subtype, such as proteins
 SYMPTOMS                                                                                                                                                             involved in the dystrophin associated protein
 Individuals may first notice a problem when they begin to walk
 with a “waddling” gait because of weakness of the hip and leg                                                                                                        complex (DAPC), sarcolemma, dystroglycan
 muscles. They may have trouble getting out of chairs, rising                                                                                                         complex as well as intracellular proteins3
 from a toilet seat or climbing stairs. As this weakness
 progresses, the person may require the use of assistive
 mobility devices.2                                                                                                        Cellular Alteration                        These critical proteins are responsible for
                                                                                                                                                                      muscle function, regulation and repair2
 POPULATION
 Approximate global prevalence of LGMDs as a group is 1.63
 per 100,000 (Prevalence estimates range from 0.56 to 5.75                                                                 Affected muscles                           Affects skeletal muscle and in some cases
 per 100,000).1 Over 30 subtypes exist.3 Both genders are                                                                                                             affects cardiac and/or diaphragm2,3
 affected equally.2

 TREATMENT
                                                                                                                           Function Loss                              Progressive weakness and wasting of hip or
 No cause-specific treatment is available for any of the LGMD                                                                                                         shoulder girdle muscles1; in some cases
 subtypes.                                                                                                                                                            cardiac abnormalities and respiratory decline2

  1.   Liewluck T, Milone M, et al. Untangling the complexity of limb-girdle muscular dystrophies. Muscle Nerve. 2018;58(2):167-177.
  2.   Muscular Dystrophy Association. Limb-girdle muscular dystrophy (LGMD). https://www.mda.org/disease/limb-girdle-muscular-dystrophy. Accessed May 2019.
  3.   Murphy AP, Straub V. The Classification, Natural History and Treatment of the Limb Girdle Muscular Dystrophies. J Neuromuscular Diseases. 2015;2(s2):S7-S19.     ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   37
Mucopolysaccharidosis type IIIA (MPS IIIA)

 INHERITANCE
 Autosomal recessive, neurodegenerative lysosomal storage disease
 caused by mutations in the N-sulfoglucosamine sulfohydrolase (SGSH)                                                     Genetic Root of Disease Mutation in the SGSH gene5
 gene, which encodes an enzyme called Heparan-N-sulfamidase
 necessary for heparan sulfate (HS) recycling in cells.1,2
                                                                                                                         Deficient enzyme                                                Heparan-N-sulfamidase6
 SYMPTOMS
 Signs and symptoms usually become apparent in early childhood
 and include speech problems, developmental delays, challenging
                                                                                                                         Cellular Alteration                                             Build up of HS in cells6
 behaviors, extreme hyperactivity and poor sleep.3
                                                                                                                         Tissue Deterioration                                            Neurodegeneration6
 POPULATION
 MPS IIIA has a worldwide incidence of up to 1.62 per
 100,000 live births.4                                                                                                   Function Losses                                                 Significant cognitive impairment, loss of speech,
                                                                                                                                                                                         death within second decade of life3
 TREATMENT
 No approved product indicated to treat MPS IIIA.3

  1.   Heron B, Mikaeloff Y, et al. Incidence and Natural History of Mucopolysaccharidosis Type III in France and Comparison with United Kingdom and Greece. American Journal of Medical Genetics Part A. 2011; 155A(1):58-68..
  2.   National Institutes of Health. Genetics Home Reference. SGSH gene. https://ghr.nlm.nih.gov/gene/SGSH. Accessed May 2019.
  3.   National Institutes of Health. Genetic and Rare Diseases Information Center. Mucopolysaccharidosis type IIIA. https://rarediseases.info.nih.gov/diseases/7071/mucopolysaccharidosis-type-iiia. Accessed May 2019.
  4.   Zelei T, Csetneki K, et al. Epidemiology of Sanfilippo syndrome: results of a systematic literature review. Orphanet J of Rare Dis. 2018;13(1):53.
  5.   NIH. Genetics Home Reference. Mucopolysaccharidosis type III. https://ghr.nlm.nih.gov/condition/mucopolysaccharidosis-type-iii Accessed May 2019.
  6.   Muenzer J. Overview of the mucopolysaccharidoses. Rheumatology (Oxford). 2011;50(suppl 5):v4-12.

                                                                                                                                                                                              ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.   38
Charcot-Marie-Tooth (CMT) disease
Sarepta’s lead indication - CMT1A

 INHERITANCE
 CMT1A is an autosomal dominant disease resulting from the                                                               Genetic Root of Disease Duplication of PMP22 gene 1
 duplication of the PMP22 gene.1

                                                                                                                         Protein Accumulation                                           Aggresomes build up in the Schwann cell
 SYMPTOMS                                                                                                                                                                               impairing its ability to survive 4
 CMT1A symptoms involve muscle wasting leading to foot drop,
 balance difficulties and muscle weakness which can progress to
 affect motor skills limiting ability to walk and use hands.2                                                            Cellular Alteration                                            Damage to Schwann cells leads to
                                                                                                                                                                                        demyelination 2
 POPULATION
 CMT is the most common inherited neuromuscular
 disorder and affects approximately 1 in 3,300
                                                                                                                         Tissue Deterioration                                           Lack of myelin coating leads to
 individuals worldwide.3                                                                                                                                                                degeneration of peripheral nerves 2

 TREATMENT                                                                                                               Function Loss                                                  Limited to no ability of the nerves to
 No approved product indicated to treat CMT1A.                                                                                                                                          communicate with their targets (muscles) 2

  1.   National Center for Advancing Translational Sciences. Genetic and Rare Disease Information Center. Charcot-Marie-Tooth disease type 1A. https://rarediseases.info.nih.gov/diseases/1245/charcot-marie-tooth-disease-type-1a. Accessed May 2019.
  2.   National Institute of Neurological Disorders and Stroke. Charcot-Marie-Tooth Disease Fact Sheet. https://www.ninds.nih.gov/Disorders/Patient-Caregiver-Education/Fact-Sheets/Charcot-Marie-Tooth-Disease-Fact-Sheet. Accessed May 2019.
  3.   National Institutes of Health. Genetics Home Reference. Charcot-Marie-Tooth disease. https://ghr.nlm.nih.gov/condition/charcot-marie-tooth-disease. Accessed August 2019.
  4.   Niemann A, Berger P, Suter U. Pathomechanisms of Mutant Proteins in Charcot-Marie-Tooth Disease. NeuroMol Med. 2006; 8(1-2):217-242.

                                                                                                                                                                                             ©SAREPTA THERAPEUTICS, INC. 2020. ALL RIGHTS RESERVED.      39
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