Leerink Swann reiterates an 'Outperform' on Regeneron Pharma (REGN); Eylea Posts an Eye-Popping 1st Quarter of Launch

January 10, 2012 12:08 PM EST
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Price: $834.04 +0.90%

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    29 Buy, 19 Hold, 0 Sell

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    Up: 8 | Down: 5 | New: 26
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Leerink Swann reiterates an 'Outperform' on Regeneron Pharma (NASDAQ: REGN) price target range raised to $76-$80.

Leerink analyst says, "We have adjusted our 2012E U.S. Eylea sales to $153m (versus $106m consensus) in light of the new guidance. Our 2013 and 2014 U.S. Eylea sales estimates are $369m and $640m, respectively (versus $260m and $439m consensus)."

"Reimbursement Already Occurring: While the company will not have a permanent J-code until next January, there are some doctors who are already receiving reimbursement for Eylea."

For an analyst ratings summary and ratings history on Regeneron Pharma click here. For more ratings news on Regeneron Pharma click here.

Shares of Regeneron Pharma closed at $65.48 yesterday.


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