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Regeneron Pharmaceuticals reported a 371% jump in earnings for the fourth quarter helped by higher product sales and an income tax benefit as well as management of costs and expenses.
Net product sales grew to $1.1 billion from $979 million last year, helped by higher sales from Eylea injection that administered into the eye to treat certain retinal diseases. Libtayo, which was approved by the FDA to treat a type of skin cancer, had net product sales in the United States of $15 million in the fourth quarter of 2018.
A visual representation of the company's earnings results, as well as guidance, could be overlooked at https://news.alphastreet.com/regeneron-pharmaceuticals-q4-2018-earnings-regn-stock/
Net product sales grew to $1.1 billion from $979 million last year, helped by higher sales from Eylea injection that administered into the eye to treat certain retinal diseases. Libtayo, which was approved by the FDA to treat a type of skin cancer, had net product sales in the United States of $15 million in the fourth quarter of 2018.
A visual representation of the company's earnings results, as well as guidance, could be overlooked at https://news.alphastreet.com/regeneron-pharmaceuticals-q4-2018-earnings-regn-stock/