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July 9, 2020, 9:42 a.m. EDT

Regeneron shares are up 2% after SunTrust upgrades the stock

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By Jaimy Lee

Shares of Regeneron Pharmaceuticals Inc. /zigman2/quotes/203149337/composite REGN -0.16% were up 2.1% in trading on Thursday as SunTrust Robinson Humphrey analysts upgraded the stock to buy from hold, citing the strength of the company's drug pipeline. In a July 8 note to investors, they said that Regeneron's base business, which includes macular degeneration drug Eylea and atopic dermatitis therapy Dupixent, has remained strong during the COVID-19 pandemic. SunTrust analysts also said that the company's work on experimental COVID-19 therapies is an indicator of its "innovation engine." The company is currently testing an experimental antibody cocktail candidate as a treatment for COVID-19 as well as to see if the therapy can prevent infection; however, Regeneron also said last week that a trial examining whether rheumatoid arthritis drug Kevzara, which Regeneron co-developed with Sanofi /zigman2/quotes/201967021/composite SNY +0.02% , could work as a COVID-19 drug had failed in a late-stage study. Regeneron's stock has gained 72.9% year-to-date. The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.06% is down 1.8% for the year.

/zigman2/quotes/203149337/composite
US : U.S.: Nasdaq
$ 620.21
-1.00 -0.16%
Volume: 432,739
Aug. 7, 2020 4:00p
P/E Ratio
24.01
Dividend Yield
N/A
Market Cap
$65.99 billion
Rev. per Employee
$906,865
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/zigman2/quotes/201967021/composite
US : U.S.: Nasdaq
$ 51.51
+0.01 +0.02%
Volume: 1.58M
Aug. 7, 2020 4:00p
P/E Ratio
10.55
Dividend Yield
2.28%
Market Cap
$129.41 billion
Rev. per Employee
$390,092
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/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
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