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Wednesday, Oct 24
2012, 1:30 PM
Regeneron (REGN +5.8%) gains after blowing away Q3 estimates earlier this morning. Total...
Regeneron (REGN +5.8%) gains after blowing away Q3 estimates earlier this morning. Total revenues soared over 300% Y/Y on strong demand for Eylea, REGN's injection for the treatment of neovascular age-related macular degeneration. Sales of the drug were up 26% from 2Q. The company boost its sales estimates again for the year, and notes that Eylea should further fuel growth in 2013 following recent FDA approval for its expanded use.