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Regeneron (REGN) Resumes Trading Up 1%

June 9, 2015 6:50 PM EDT

Regeneron (NASDAQ: REGN) resumed trading up 1% after confirming FDA panel backing of Praluent injection.

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Regeneron (REGN) to Resume Trading at 6:50PM ET

June 9, 2015 6:36 PM EDT

Regeneron (NASDAQ: REGN) is set to resume trading at 6:50PM ET after confirming FDA panel backing of Praluent.

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Regeneron (REGN) Confirms FDA Panel Backing of Praluent

June 9, 2015 6:34 PM EDT

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Sanofi (NYSE: SNY) confirmed that the Endocrinologic and Metabolic Drugs Advisory Committee (EMDAC) of the FDA recommended the approval of the investigational therapy Praluent® (alirocumab) Injection.

The Committee voted 13 to three (with no abstentions) that Regeneron and Sanofi had sufficiently established that the low-density lipoprotein cholesterol (LDL-C, or bad cholesterol) lowering benefit of Praluent exceeds its risks to support approval in one or more patient populations.

"We are pleased with the Committee's recommendation to approve Praluent. Our clinical trial program... More