Regeneron Q3 gross sales sans COVID merchandise develop on again of blockbuster Eylea

Regeneron Prescription drugs (NASDAQ:REGN) Q3 revenues excluding COVID-19 therapies grew as blockbusters Eylea and Dupixent drove up gross sales.

Q3 non-GAAP EPS declined -28% Y/Y to $11.14, whereas whole income fell -15% Y/Y to $2.94B.

Complete revenues excluding COVID therapies REGEN-COV and Ronapreve grew +11% Y/Y to $2.93B.

The corporate stated there have been no gross sales of REGEN-COV within the U.S. throughout 2022. Remainder of the World gross sales of the antibody remedy have been $22.8M, down -98% Y/Y.

“International Dupixent gross sales and U.S. EYLEA gross sales as soon as once more achieved new quarterly data, with U.S. gross sales of EYLEA reaching double digit year-over-year proportion development and Dupixent was bolstered by progress on launches in pediatric atopic dermatitis, eosinophilic esophagitis, and prurigo nodularis,” stated Regeneron President and CEO Leonard Schleifer.

Worldwide gross sales of moist AMD drug Eylea grew +3.1% Y/Y to 2.45B, of which U.S. gross sales have been ~$1.63B, up +11% Y/Y.

Q3 world gross sales of Dupixent, which is developed with Sanofi (NASDAQ:SNY), elevated +40.1% Y/Y to $2.33B, U.S. gross sales accounted for ~$1.82B.

International gross sales of lung most cancers drug Libtayo’s gross sales grew +20% Y/Y to $143.2M, whereas rheumatoid arthritis remedy Kevzara’s world income elevated 10% Y/Y to $88.1M.

Ldl cholesterol remedy Praluent’s world gross sales fell -1% Y/Y to $113.7M.

GAAP web revenue declined -19% Y/Y to ~$1.32B. Q3 Analysis and growth (R&D) bills elevated 37% Y/Y to $911M.

Outlook:

Regeneron expects FY22 adjusted gross margin on web product gross sales of 92.5% to 93% from prior outlook of 92% to 93%.

R&D bills anticipated between $3.11B and $3.17B, in comparison with prior outlook vary of $3.1B to $3.24B.