financetom
Business
financetom
/
Business
/
Regeneron beats results estimates on demand for eczema treatment, eye drug
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Regeneron beats results estimates on demand for eczema treatment, eye drug
Oct 31, 2024 5:05 AM

(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals ( REGN ) beat Wall Street estimates for third-quarter profit and revenue on Thursday, driven by strong demand for its eczema treatment Dupixent and blockbuster eye disease drug Eylea. Regeneron has been looking to upgrade patients who use Eylea to a high-dose version, as the drug that has long been its cash cow faces the threat of biosimilar products and stiff competition from rivals, including Roche's Vabysmo. Swiss drugmaker Roche reaffirmed its full-year profit forecast while beating quarterly estimates for sales last week, banking on strong demand for Vabysmo. Total U.S. net sales of Eylea, jointly developed with Bayer AG, rose 3% to $1.54 billion, including $392 million from the higher, 8-milligram dose version of the drug.

The high-dose version of the eye disease drug was launched in August 2023 and allows for longer intervals between injections for patients.Regeneron's total revenue of $3.72 billion beat expectations of $3.67 billion, according to data compiled by LSEG.The drugmaker's anti-inflammatory drug Dupixent posted sales of $3.82 billion, beating estimates of $3.78 billion. French partner Sanofi records Dupixent sales and profits are split equally between the companies. Dupixent is currently approved to treat six disease types including asthma, a skin condition called atopic dermatitis and most recently as an add-on treatment for chronic obstructive pulmonary disease. The company reported an adjusted profit of $12.46 per share for the quarter, above estimates of $11.69 per share.

(Reporting by Christy Santhosh in Bengaluru; Editing by Devika Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vale expects to reclaim top spot in global iron ore production, CEO says
Vale expects to reclaim top spot in global iron ore production, CEO says
Oct 28, 2025
SALVADOR, Brazil (Reuters) -Brazilian miner Vale is confident it will regain this year the position of the world's largest iron ore producer, CEO Gustavo Pimenta said on Tuesday, a title it had lost to Rio Tinto in recent years.  We are likely at our best in terms of operational performance right now, Pimenta said during a mining conference in Salvador. ...
Soma Gold Reports
Soma Gold Reports "Positive" Ore Sorting Results From Cordero Mine, Colombia
Oct 28, 2025
09:38 AM EDT, 10/28/2025 (MT Newswires) -- Soma Gold ( SMAGF ) Tuesday reported positive results from a preliminary Ore Sorting study conducted on a bulk sample of mineralized material from the Cordero Mine in Antioquia, Colombia. The company said a series of calibration samples, representing four grade bins, was scanned with four standard sensors. This data was used to...
--Apple Tops $4 Trillion Market Cap for First Time
--Apple Tops $4 Trillion Market Cap for First Time
Oct 28, 2025
09:38 AM EDT, 10/28/2025 (MT Newswires) -- Price: 269.03, Change: +0.22, Percent Change: +0.08 ...
Texas sues Tylenol makers J&J and Kenvue, claiming they hid drug's autism risks
Texas sues Tylenol makers J&J and Kenvue, claiming they hid drug's autism risks
Oct 28, 2025
Oct 28 (Reuters) - The makers of Tylenol, Johnson & Johnson ( JNJ ) and Kenvue, were sued on Tuesday by Texas Attorney General Ken Paxton, who accused them of knowingly hiding the drug's links to autism and attention deficit hyperactivity disorder. Paxton, a Republican, sued five weeks after Republican President Donald Trump said using Tylenol during pregnancy can cause...
Copyright 2023-2026 - www.financetom.com All Rights Reserved