Watching Regeneron Pharmaceuticals; Hearing Court Rejects Co's Request For A Temporary Injunction Blocking Sales Of Its Generic Eylea
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Regeneron Pharmaceuticals faced a legal setback as a court rejected its request for a temporary injunction to block the sales of a generic version of its Eylea drug. This decision could impact Regeneron's market share and revenue from Eylea.
October 22, 2024 | 4:52 pm
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Regeneron Pharmaceuticals' attempt to block generic Eylea sales was denied by the court, potentially affecting its market share and revenue from Eylea.
The court's decision not to grant a temporary injunction allows generic versions of Eylea to enter the market, which could lead to reduced sales and market share for Regeneron's Eylea. This is likely to negatively impact Regeneron's short-term stock price as investors react to potential revenue declines.
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