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Regeneron earnings boosted by $804 million in sales of COVID antibody treatment

Regeneron earnings boosted by $804 million in sales of COVID antibody treatment

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Regeneron Pharmaceuticals Inc. shares REGN, +2.09% rose 1.8% in premarket trade Thursday, after the company blew past estimates for the third quarter and said the U.S. government has ordered another 1.4 million doses of its COVID-19 antibody treatment. The company posted net income of $1.632 billion, or $14.33 a share, for the quarter, or almost double the $842 million, or $7.39 a share, in the year-earlier period.

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