Regeneron Stock Sinks on Disappointing Sales of Eylea Treatment

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Regeneron Pharmaceuticals

inventory was tumbling after the drugs maker reported decrease gross sales of its Eylea therapy than Wall Road was anticipating for the fourth quarter.

In a preliminary replace on its fourth quarter on Monday,

Regeneron

(REGN) mentioned fourth-quarter gross sales of Eylea have been $1.5 billion. The consensus name amongst analysts tracked by FactSet was for $1.64 billion, whereas the year-earlier determine was $1.55 billion.