Regeneron Faces Setback With FDA Rejection Of Blood-Cancer Treatment
Portfolio Pulse from Benzinga Neuro
Regeneron Pharmaceuticals faced a setback as the FDA rejected its application for linvoseltamab, a blood cancer treatment, due to issues with a third-party manufacturer. Despite this, Regeneron's recent earnings were strong, with significant revenue growth.
August 21, 2024 | 1:26 am
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Regeneron Pharmaceuticals' application for linvoseltamab was rejected by the FDA due to issues with a third-party manufacturer. This regulatory setback could delay the drug's market entry, impacting future revenue growth. However, the company's recent earnings report showed strong performance.
The FDA's rejection of linvoseltamab is a significant regulatory setback for Regeneron, potentially delaying the drug's market entry and affecting future revenue. However, the company's strong recent earnings may cushion the impact in the short term.
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