
Leerink Partners lowers PT on drugmaker Regeneron Pharmaceuticals REGN.O to $762 from $880; maintains rating of "market perform"
Brokerage says it lowered 2025 EPS estimates to $40.96 from $44.01 due to REGN's eye drug Eylea franchise pressures and investment spending requirements; analysts on average estimate 2025 EPS to be $44.76, according to data compiled by LSEG
Leerink notes REGN may face potential pricing pressure on Eylea HD in international markets outside of U.S.
Last year, REGN reported Q3 sales of $392 mln for higher dose version of Eylea, missing expectations of $417 mln
Brokerage says it expects REGN to defend its Eylea 2mg market share against Amgen's AMGN.O biosimilar, Pavblu
Expects U.S. Eylea sales to be constrained due to lack of pre-filled syringe, monthly dosing and RVO indication
REGN fell 21.3% in 2024