Regeneron Navigates EYLEA Decline with Pipeline Diversification and Regulatory Wins
- Regeneron reported challenging Q1 2025 results with total revenues declining 4% to $3.029 billion, primarily driven by EYLEA franchise headwinds from biosimilar competition and pricing pressures.
- The company's diversification strategy shows promise with Dupixent global sales rising 19% to $3.67 billion and EU approval of Lynozyfic for multiple myeloma, demonstrating pipeline strength beyond ophthalmology.
- Strategic moves including a $7 billion infrastructure investment, inaugural dividend of $0.88 per share, and $1.05 billion share buyback program signal management confidence in long-term growth prospects.
- Key regulatory catalysts ahead include FDA decisions on EYLEA HD expanded indications with August 2025 target date and potential approvals for odronextamab in follicular lymphoma.