PR Newswire
TARRYTOWN, N.Y., Feb. 9, 2017
TARRYTOWN, N.Y., Feb. 9, 2017 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced financial results for the fourth quarter and full year 2016 and provided a business update.
Financial Highlights | | | | | | | | |||||||||||||||||||||||||||||||
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($ in millions, except per share data) | | Three Months Ended December 31, | | Year Ended December 31, ARIVA.DE Börsen-GeflüsterWerbung Weiter abwärts?
Morgan Stanley
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| | 2016 | | 2015* | | % Change | | 2016 | | 2015* | | % Change | ||||||||||||||||||||||||||
EYLEA U.S. net product sales | | $ | 858 | | | $ | 746 | | | 15 | % | | $ | 3,323 | | | $ | 2,676 | | | 24 | % | ||||||||||||||||
Total revenues | | $ | 1,227 | | | $ | 1,098 | | | 12 | % | | $ | 4,860 | | | $ | 4,104 | | | 18 | % | ||||||||||||||||
GAAP net income | | $ | 253 | | | $ | 155 | | | 63 | % | | $ | 896 | | | $ | 636 | | | 41 | % | ||||||||||||||||
GAAP net income per share - diluted | | $ | 2.19 | | | $ | 1.34 | | | 63 | % | | $ | 7.70 | | | $ | 5.52 | | | 39 | % | ||||||||||||||||
Non-GAAP net income(2) | | $ | 353 | | | $ | 258 | | | 37 | % | | $ | 1,319 | | | $ | 944 | | | 40 | % | ||||||||||||||||
Non-GAAP net income per share - | | $ | 3.04 | | | $ | 2.23 | | | 36 | % | | $ | 11.32 | | | $ | 8.12 | | | 39 | % | ||||||||||||||||
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* See Table 3 of this press release for an explanation of revisions made to 2015 non-GAAP amounts previously reported. |
"The hard work of our scientists over the last decades has brought Regeneron to the next phase of our evolution - this year we anticipate launching two additional important therapies, significantly expanding our impact for patients with serious diseases and our company's growth potential," said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. "In March, we look forward to the potential U.S. approval of Dupixent, our innovative and breakthrough IL4/13 blocking antibody, in adults with atopic dermatitis. We believe Dupixent may have the potential to help additional patients with serious allergic diseases, with pivotal Phase 3 data in adult asthma patients expected later this year. We are also studying Dupixent in patients with nasal polyps and pediatric patients with asthma or atopic dermatitis."
Business Highlights
Marketed Product Update
EYLEA® (aflibercept) Injection for Intravitreal Injection
Praluent® (alirocumab) Injection for the Treatment of Elevated Low-Density Lipoprotein (LDL) Cholesterol
Pipeline Progress
Regeneron has sixteen product candidates in clinical development. These consist of EYLEA and fifteen fully human monoclonal antibody product candidates generated using the Company's VelocImmune® technology, including six in collaboration with Sanofi. In addition to EYLEA and Praluent, highlights from the antibody pipeline include:
Sarilumab, the Company's antibody targeting IL-6R for rheumatoid arthritis.
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