What's Going On With Regeneron Pharmaceuticals Stock On Friday?
Portfolio Pulse from Vandana Singh
Regeneron Pharmaceuticals Inc (NASDAQ:REGN) announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a positive opinion recommending conditional approval of odronextamab for relapsed/refractory follicular lymphoma and diffuse large B-cell lymphoma. The European Commission is expected to announce a final decision in the coming months. The positive opinion is based on Phase 1 and Phase 2 trials showing robust response rates and acceptable safety. Regeneron is also evaluating odronextamab in various other studies.
June 28, 2024 | 1:27 pm
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POSITIVE IMPACT
Regeneron Pharmaceuticals received a positive opinion from the European Medicines Agency for conditional approval of odronextamab for relapsed/refractory lymphomas. This could lead to increased market confidence and potential stock price appreciation.
The positive opinion from the EMA is a significant regulatory milestone for Regeneron, potentially leading to conditional approval of odronextamab. This can enhance investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100