Regeneron Pharmaceuticals Inc
REGN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| KgF | LOCK|#V?! | LOCK|PmrjNK |
Regeneron Earnings: Biosimilar Eylea Introduces Uncertainty, but Fair Value Maintained
Narrow-moat Regeneron’s third-quarter results were in line with our expectations, thanks to resilient sales in the Eylea franchise and strong global sales of Sanofi and Regeneron’s immunology drug Dupixent. Despite competitive pressure from Amgen’s recent decision to launch its own Eylea biosimilar, we think our estimates are suitably conservative and maintain our $830 fair value estimate.
