Regeneron quarterly profit rises 78% on Eylea strength

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Sales of the company’s physician-administered eye treatment Eylea took a hit last year as patients postponed visits to doctor’s office due to the COVID-19 pandemic.

With gradual easing of lockdowns and ramping up of COVID-19 vaccinations, global sales of the drug rose 17% to $2.17 billion in the reported quarter.

Sales of Dupixent, which has been Regeneron (NASDAQ:REGN)’s main growth driver for several preceding quarters, rose 48% to $1.26 billion, helped in part by approval for additional indications.

Regeneron’s net profit rose to $1.12 billion, or $10.09 per share, in the quarter ended March 31, from $625 million, or $5.43 per share, a year earlier.

Sales rose to $2.53 billion from $1.83 billion.