Regeneron Pharmaceuticals’ first-quarter earnings came in lower than what analysts expected.
Regeneron raked in adjusted earnings of $4.45 per share, missing Wall Street's expectation of $5.52. Revenue of $1.71 billion also was lower than analysts' $1.76 billion expectations.
CEO Leonard Schleifer emphasized that the company is optimistic about the potential of its product Dupixent, which is now FDA-approved in atopic dermatitis and asthma in both adults and adolescents and is currently under Priority Review by the FDA for chronic rhinosinusitis with nasal polyps.