Sarepta Therapeutics (SRPT)

[bacc]

Item 8.01 Other Events.
On March 31, 2011, AVI BioPharma, Inc. (the "Company") issued a press release announcing an offering of its common stock. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference herein.

The Company intends to propose at its 2011 Annual Meeting of Shareholders that the shareholders approve an equity incentive plan authorizing the issuance of awards with respect to up to approximately 15,000,000 shares of the Company's common stock.





Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

Pursuant to the rules and regulations of the Securities and Exchange Commission, the attached exhibit is deemed to have been filed with the Securities and Exchange Commission:

Exhibit Number Description
99.1 Press release dated March 31, 2011.