Aug 1 (Reuters) - Drugmaker Regeneron Pharmaceuticals
exceeded estimates for second-quarter revenue and
profit on Thursday, driven by strong demand for its top-selling
eczema and eye drugs.
The company has been upgrading patients who use its eye
treatment, Eylea, to a higher-dose version to beat the impact
from cheaper biosimilars available in the market and rival
drugs.
U.S. sales of Eylea, jointly developed with Bayer AG
, rose 2% to $1.53 billion in the reported quarter
from a year earlier, above LSEG estimates of $1.47 billion.
The sales included $304 million from the 8-milligram dose
version of the drug, which is four times the regular dosage.
Last week, rival Swiss drugmaker Roche highlighted
strong demand for its eye treatment, Vabysmo, and raised its
full-year earnings forecast.
Regeneron's anti-inflammatory drug, Dupixent, posted
quarterly sales of $3.56 billion, beating estimates of $3.47
billion.
The company's French partner Sanofi records
Dupixent sales, and profits are split equally between the firms.
Regeneron has filed for U.S. FDA's approval of Dupixent,
currently greenlit for five diseases, as an add-on treatment for
a chronic obstructive pulmonary disease.
The health regulator is expected to make a decision on the
additional indication by Sept. 27.
Regeneron reported an adjusted profit of $11.56 per share on
total revenue of $3.55 billion for the quarter, above analysts'
estimates of $10.61 per share and $3.38 billion, according to
LSEG data.