Credit Suisse analyst Martin Auster said there is "no change" to his thesis on Sarepta Therapeutics after speaking with the company's management after the company said that an adverse event report was erroneously submitted to the FDA's adverse event reporting system, or FAERs. In a research note to investors, Auster, who has an Outperform rating and $207 price target on Sarepta shares, says management said the patient in question was reported to have been highly active the previous day and subsequently presented to his clinician with dark urine, elevated CK, no muscle pain and was otherwise asymptomatic. Management said that the urine and CK measures resolved to baseline and the patient was discharged from the hospital on the next day. Auster says overall, he thinks the reported AE concern was a non-event and that the lack of any DSMB or FDA action as a result strengthens the credibility of the company's position.