Trade Regeneron Pharmaceuticals
Regeneron Pharmaceuticals, Inc. is an American biotechnology company based in Westchester County, New York, about 25 miles north of midtown Manhattan. The company was founded in 1988. Originally focused on nerve factors and their regenerative abilities, resulting in their name, the company then branched out to study cytokine and tyrosine kinase receptors. Regeneron aflibercept, VEGF inhibitor, and rilonacept, interleukin-1 blocker. VEGF is a protein that normally stimulates the growth of blood vessels, and interleukin-1 is a protein that is commonly involved in inflammation. On March 26, 2012, Bloomberg announced that Sanofi and Regeneron were developing a new drug that would help reduce cholesterol by as much as 72% more than its competitors. The new drug will target the PCSK9 gene. In July 2015, the company announced a new global collaboration with Sanofi to discover, develop and market new drugs for immunological tumors, which could generate more than $2 billion for Regeneron, with $640 million upfront, $750 million for proof-of-concept data, and $650 million from regn2810 development. REGN2810 was later named cemiplimab. In 2019, Regeneron Pharmaceuticals was ranked seventh best stock in 2010s, with a total return of 1,457%. Regeneron Pharmaceuticals was home to two of the highest-paid pharmaceutical executives as of October 2020.In, 2017, where Regeneron concluded a deal with the Advanced Research and Development Authority in Biomedical in the United States and the government that funds the government 80% of Regeneron's costs to develop and manufacture antibody treatments, including now 2019 Corona virus treatments. Regeneron will retain the right to set prices and control production. The deal was criticized in the New York Times. Such deals are not unusual for the development of routine drugs in the U.S. drug market. In May 2020, Regeneron announced that it would reinstate about $5 billion of its shares, which Sanofi holds directly. Prior to the deal, Sanofi held 23.2 million regeneron shares.