Regeneron’s (REGN) Antibody Therapy Gains WHO Support During Ebola Outbreak
🏥 Regeneron Pharmaceuticals announced that its antibody therapy, maftivimab, was recommended by the WHO's Therapeutics Advisory Group for evaluation in clinical trials against Bundibugyo ebolavirus.
🌍 This recommendation comes following the WHO's declaration of a public health emergency regarding the Ebola outbreak in Uganda and the Democratic Republic of the Congo.
💉 Maftivimab is identified as the most potent neutralizing antibody within Regeneron's Inmazeb® product and has shown broad activity against multiple Ebola species in vitro.
📉 Canaccord Genuity lowered its price target on Regeneron stock from $1,057 to $875 while maintaining a Buy rating.
⚠️ The analyst firm updated its model after Regeneron's Phase 3 study of fianlimab+cemiplimab failed to meet the primary endpoint of progression-free survival.
🧬 Regeneron develops and commercializes therapies for various diseases, including cancer, eye disorders, and allergic conditions.
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- Regeneron's maftivimab has been recommended by the World Health Organization's Therapeutics Advisory Group for prioritization in clinical trials against Bundibugyo ebolavirus.
- Maftivimab is identified as the most potent neutralizing antibody included in Inmazeb, demonstrating broad activity against multiple Ebola species.
- The positive development coincides with the WHO declaring the current Ebola outbreak a public health emergency of international concern, highlighting the therapy's relevance.
- Analysts maintain a Buy rating on Regeneron shares despite recent trial results, indicating continued confidence in the company's long-term prospects.
- Analyst firm Canaccord Genuity lowered its price target on Regeneron shares from $1,057 to $875 on May 19.
- A Phase 3 study comparing fianlimab and cemiplimab against pembrolizumab failed to achieve statistical significance on the primary endpoint of progression-free survival.
- Regeneron described the outcome of the failed Phase 3 study as surprising and disappointing.