Potential catalysts for Regeneron Pharmaceuticals Inc. (REGN:NASDAQ) in 2022 will come from four parts of its extensive development pipeline: REGEN-COV, Eylea, Dupixent, and its oncology bispecifics, according to Oppenheimer analyst Hartaj Singh.
Regeneron generated about $5.1 billion from sales of its original COVID antibody cocktail but predicts revenue from it to fall off by year-end 2022, Singh noted. However, another such cocktail, specifically targeting the Omicron variant, would buoy the company's REGEN-COV program revenue.
As for Regeneron's Eylea clinical program, results of the drug's high-dose Phase 3 studies are due out in second half of 2022, Singh indicated, and Eylea's momentum in gaining market share should continue afterward. Though a competing product, Roche's faricimab, could get U.S. Food and Drug Administration approval in first quarter of 2022, the safety of it looks inferior to that of Eylea, the analyst added.
Regarding the biopharma's Dupixent, it has quickly become "dominant in immune-related disorders," and Regeneron believes it should continue to sell well.
With respect to Regeneron's oncology platform, management believes it could "deliver bountiful news in 2022," with its antibodies, Singh reported. Earlier this month, the company made a presentation on its bispecifics at the annual American Society for Hematology meeting. Singh added that combinations of Regeneron and partners' molecules could also move the biopharma's stock.
"With potentially continuing strength to REGEN-COV, Eylea high-dose Phase 3 readouts (H2/22), Dupixent continuing to grow across indications, age and geography and an upside surprise from oncology bubbling, Regeneron could be 'the biotech champion,'" Singh concluded.
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