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Regeneron beats quarterly profit estimates on Dupixent strength – One America News Network

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(Reuters) -Regeneron Pharmaceuticals Inc beat Wall Street estimates for first-quarter profit on Thursday, driven by strong demand for eczema treatment Dupixent.

Quarterly sales of Dupixent, recorded by Regeneron’s partner Sanofi, rose about 37% to $2.49 billion. Analysts had expected $2.38 billion, according to an average of 6 analysts’ estimates polled by Refinitiv.

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Regeneron’s total revenue of $3.16 billion beat expectations of $3 billion in the quarter.

Excluding items, the company reported a profit of $10.09 per share, above estimates of $9.56.

(Reporting by Sriparna Roy and Raghav Mahobe in Bengaluru; Editing by Devika Syamnath)

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