Regeneron jumps 10% as Trump gets the drugmaker's antibody treatment while hospitalized
, White House physician Sean Conley said Trump received a single eight-gram dose of Regeneron's antibody cocktail, REGN-COV2, and completed the infusion without incident.
Regeneron's medicine is an experimental treatment that has been used in trials with fewer than a thousand patients. It has not yet received an emergency use authorization for the treatment of COVID-19 by the FDA, but a team of SVB Leerink analysts said on Monday that they expect an EUA in a matter of days.
"There are certainly risks for Regeneron in providing their antibody to the POTUS in such circumstances," SVB Leerink said."But both the company and the White House's medical staff are likely to have had access to much more information about REGN-COV2 than the company has disclosed publicly so far." SVB Leerink rates Regeneron as"outperform" and has a price target of $629. Shares of the drugmaker are trading at $601 as of Monday morning.Read the original article on
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump COVID-19 treatments: remdesivir and Regeneron antibody drug combo - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Trump COVID-19 treatment: President had stakes in Regeneron and Gilead, makers of antibody cocktail, RemdesivirPresident Trump previously reported he earned capital gains from Regeneron Pharmaceuticals and Gilead Sciences Inc., makers of COVID-19 treatments.
Read more »
Biden leads by 10 points as majority of Americans say Trump could have avoided coronavirusDemocrat Joe Biden opened his widest lead in a month in the U.S. presidential race after President Donald Trump tested positive for the coronavirus, and a majority of Americans think Trump could have avoided infection if he had taken the virus more seriously, according to...
Read more »
Your questions about Trump and COVID-19, answered: Who gave Trump coronavirus? What is the Regeneron antibody 'cocktail'?We scoured the Internet to get an idea of some of your questions out there on President Trump's positive COVID-19 test. USA TODAY's breaking news reporter grace_hauck has the answers.
Read more »
Your questions about Trump and COVID-19, answered: Who gave Trump coronavirus? What is the Regeneron antibody 'cocktail'?Our readers from across the US are asking important questions about President Trump's positive COVID-19 test. We answer your questions.
Read more »
Trump COVID-19 live updates: Trump oxygen levels have dropped twice since onset, doctors sayLATEST: Dr. Sean Conley, physician to the president, said over the course of exhibiting coronavirus symptoms, President Trump has experienced two episodes of 'transient drops' in his oxygen saturation.
Read more »