earnings
confidence high
sentiment positive
materiality 0.60
Regeneron reports preliminary Q4 U.S. EYLEA HD sales of $123M; IPR&D charge of $30M
REGENERON PHARMACEUTICALS, INC.
2023-FY EPS reported
$34.77
revenue$13,117,200,000
- Preliminary Q4 2023 U.S. net product sales: EYLEA HD $123M, EYLEA $1.34B, combined $1.46B.
- Acquired IPR&D charge of $30M pre-tax from Intellia collaboration extension, reducing GAAP and non-GAAP EPS by ~$0.21.
- Dupixent global net sales through 9M 2023: ~$8.4B, up 34% YoY; pivotal COPD data supports 2024 launch potential.
- EYLEA HD FDA-approved August 2023 for wAMD, DME, DR; ~2/3 of eligible lives covered, permanent J-code expected April 1, 2024.
- Oncology pipeline: BLAs submitted for odronextamab (B-NHL) and linvoseltamab (MM); potential for up to three FDA approvals by end of 2024.