Regeneron (REGN) Surges On Strong Initial Eylea Uptake
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Price: $826.64 -1.69%
Financial Fact:
Total expenses: 857.32M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Total expenses: 857.32M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) is surging nearly 15 percent in pre-open action Tuesday after solid Eylea guidance at the JPMorgan conference.
The firm said while the they are still early in the launch, the initial uptake has exceeded expectations. The company noted $24-$25 million in unaudited net sales to distributors in 2011 since the first sale on November 21, 2011.
Following the conference and guidance, RW Baird upgraded the stock to Outperform with an $81 price target saying it's not too late to get in.
The firm said while the they are still early in the launch, the initial uptake has exceeded expectations. The company noted $24-$25 million in unaudited net sales to distributors in 2011 since the first sale on November 21, 2011.
Following the conference and guidance, RW Baird upgraded the stock to Outperform with an $81 price target saying it's not too late to get in.
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