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Wednesday, March 4, 2020

Regeneron expects coronavirus med to be ready by August; shares up 4%

In an interview with CNBC, Regeneron Pharmaceuticals (REGN +4.1%) CEO Leonard Schleifer said that the company should have its coronavirus treatment ready for human testing by August. It expects to be producing 200K prophylactic doses by then.
Over the next few weeks, company scientists will screen a range of antibodies to identify the best ones to block the virus.
He also said that it is “committed” to an affordable product for patients.
https://seekingalpha.com/news/3548591-regeneron-expects-coronavirus-med-to-be-ready-august-shares-up-4

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