Regeneron Pharmaceuticals to Have Multiple Pipeline Updates in 2026, BofA Says

MT Newswires Live01-07

Regeneron Pharmaceuticals (REGN)'s Eylea HD has had some recent label updates, including an approval by the US Food and Drug Administration for the treatment of retinal vein occlusion, BofA Securities said Wednesday.

BofA also expects an FDA approval for Eylea HD's pre-filled syringe, or PFS, in mid-2026. Larger practices could use HD over Vabysmo, and biosimilars do not impact its demand, BofA said. The firm expects US Eylea franchise revenue of $4.35 billion in 2026, versus consensus estimate of $3.86 billion.

The company's anti-inflammatory drug Dupixent is demonstrating growth in atopic dermatitis and asthma. Other launches by Regeneron are also showing progress and can support reliable franchise growth, the brokerage said. For 2026, BofA models Dupixent revenue of $20.7 billion, same as market consensus.

Regeneron has yet to reach an agreement on the Most Favored Nation drug pricing deal with the White House, which BofA views as an important catalyst in early 2026. The brokerage is also looking forward to the company's clinical trials for oncology and other indications in the first half of 2026.

BofA upgraded Regeneron shares to buy from underperform and raised its price target to $860 from $627.

Shares of the company rose by more than 3% in recent Wednesday trading.

Price: 799.05, Change: +22.51, Percent Change: +2.90

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