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Regeneron Pharmaceuticals Inc. develops and commercializes biotechnology medicines for serious diseases across eye disease, allergic and inflammatory conditions, cancer, cardiovascular and metabolic disease, neurological disease, hematologic conditions, infectious disease and rare disease. News about REGN commonly covers marketed products and pipeline programs such as EYLEA, EYLEA HD, Dupixent, Praluent, Libtayo, Kevzara, Otarmeni and investigational therapies developed through antibody, genetic medicine and RNA-based approaches.
Recurring company updates include financial results, FDA and European regulatory approvals, clinical trial data, label expansions, collaboration and licensing activity, product-access and pricing arrangements, share repurchase authorizations and corporate responsibility recognition. Regeneron's disclosures also frequently address its Sanofi collaboration around Dupixent and its use of proprietary technologies such as VelocImmune in drug discovery.
Vyriad, a clinical-stage biotechnology firm focused on oncological virus therapies, secured $29.5M in funding led by Harry Stine of Stine Seed Farms. This investment increases Vyriad's total funding since 2015 to over $100M. The company aims to develop safe, effective oncolytic viruses to treat cancer, leveraging high-throughput screening methods. Dr. James Hampton, a genetics expert, joins Vyriad's Board as part of this funding round. Vyriad has an ongoing collaboration with Regeneron (NASDAQ: REGN) to explore new oncolytic treatments.
Robert Sansone, a 17-year-old from Fort Pierce, FL, won the $75,000 top award at the 2022 Regeneron International Science and Engineering Fair for his innovative project on electric motor efficiency, highlighting the potential for sustainable vehicle manufacturing. The event recognized over 1,750 finalists from 49 states and 63 countries, awarding nearly $8 million in prizes. Other notable winners included projects in energy storage and AI-based drug production, emphasizing the competition's commitment to promoting STEM education.
Regeneron Pharmaceuticals announced the winners of the 2022 Regeneron International Science and Engineering Fair, awarding a total of nearly $8 million to innovative projects. The top award of $75,000 was won by Robert Sansone for his project on improving electric motor efficiency. Other awards included $50,000 Regeneron Young Scientist Awards and various honors in multiple categories, showcasing the next generation of STEM talent from students across the globe.
Regeneron Pharmaceuticals reported Q1 2022 revenues of $2.97 billion, marking a 17% increase from Q1 2021. Excluding REGEN-COV, revenues grew by 25%. EYLEA U.S. net sales rose 13% to $1.52 billion, while Dupixent global sales surged 43% to $1.81 billion. GAAP diluted EPS was $8.61, down 15% year-over-year. The company announced significant progress in its pipeline, including regulatory approvals for Dupixent for children and advances in other therapies. Additionally, Regeneron entered a merger agreement to acquire Checkmate Pharmaceuticals for approximately $250 million.
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Regeneron Pharmaceuticals has announced an all-cash acquisition of Checkmate Pharmaceuticals for approximately $250 million, valuing Checkmate at $10.50 per share. This acquisition aims to enhance Regeneron's immuno-oncology portfolio, particularly through Checkmate's lead candidate, vidutolimod, a promising TLR9 agonist demonstrating clinical response in PD-1 refractory melanoma. The acquisition is expected to close in mid-2022, pending certain conditions.
Regeneron Pharmaceuticals, Inc. (REGN) announced a three-month extension by the FDA for the review of its Biologics License Application for REGEN-COV (casirivimab and imdevimab) aimed at treating COVID-19. This extension, set for July 13, 2022, follows the submission of new data related to pre-exposure prophylactic use. Currently, REGEN-COV is not authorized in any U.S. regions due to variant susceptibility. Regeneron is advancing next-generation antibodies in clinical trials and remains committed to addressing the COVID-19 pandemic.
Regeneron Pharmaceuticals and Sanofi have announced that the European Commission expanded the marketing authorization for Dupixent (dupilumab) to include children aged 6 to 11 with severe asthma characterized by type 2 inflammation. Supported by Phase 3 trial data, Dupixent significantly reduced severe asthma attacks by up to 65% compared to placebo, improved lung function, and quality of life. The treatment also reduced reliance on systemic corticosteroids by 66%. The approval highlights Dupixent's established safety profile and its commitment to addressing severe asthma in pediatric patients.
Regeneron Pharmaceuticals (NASDAQ: REGN) will announce its first quarter 2022 financial results on May 4, 2022, before U.S. markets open. A conference call will follow at 8:30 AM ET, accessible via webcast on the company's website. Participants must register in advance to join by phone, receiving a confirmation email with call details. Regeneron focuses on innovative medicines for serious diseases, leveraging proprietary technologies like VelociSuite® and genetic sequencing efforts through the Regeneron Genetics Center.
Regeneron Pharmaceuticals announces that the FDA has accepted for Priority Review its sBLA for Dupixent (dupilumab) to treat eosinophilic esophagitis (EoE) in patients aged 12 and older. If approved, Dupixent will be the first FDA-approved treatment for EoE in the U.S. Currently, there are around 160,000 patients in the U.S. with EoE, with about 48,000 not responding to existing therapies. The FDA's decision is expected by August 3, 2022. The sBLA is backed by Phase 3 trial data showing Dupixent's efficacy in easing EoE symptoms.