Seeking Alpha

Roth upbeat on Regeneron amid new Bayer deal, genetics initiative

  • Roth Capital is out with a bullish note on Regeneron (REGN +9.1%) on the heels of the company's announcement of a new development agreement with Bayer.
  • Here's analyst Joseph Pantginis, commenting: "Preclinical studies have suggested that blocking both PDGFR-beta and vascular endothelial growth factor (VEGF) can provide additional benefit over anti-VEGF treatment (such as EYLEA) alone in wet AMD."
  • Buy rating maintained.
  • Price target is $362.
  • In other company news, REGN has announced a collaboration with Geisinger Health System under which the companies will "study the genetic determinants of human disease." Additionally, Sanofi (SNY) has amended its investor agreement with REGN and retains the right to "acquire up to 30% of REGN's outstanding common stock and Class A stock [while gaining] the right to nominate a single independent director to the Regeneron Board of Directors upon reaching 20% ownership [stake]."
Comments (3)
  • Ok, nice news abt RGN...I can only afford a few shares but that's my problem, I guess :-) Moving forward the SNY info suggestr that eventually they will want all RGN---and even if RGN hits $362 /sh, SNY could do a deal for ~ $50-60 B, right? ...Petty cash to SNY, well worth the investment .
    14 Jan, 02:10 PM Reply Like
  • Had you purchased any of a number of weekly calls on REGN early this a.m., you'd be able to buy more than a few shares. (-:
    14 Jan, 09:20 PM Reply Like
  • Can only afford a few shares myself. How to do that: buy weekly calls ? Thanks.
    15 Jan, 11:00 AM Reply Like
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