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REGN Deadline: REGN Investors with Losses in Excess of $100K Have Opportunity to Lead Regeneron Pharmaceuticals, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-03-02 17:52
Core Viewpoint - The Rosen Law Firm is reminding investors who purchased Regeneron Pharmaceuticals, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Regeneron securities between November 2, 2023, and October 30, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 10, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Allegations Against Regeneron - The lawsuit alleges that Regeneron made false and misleading statements regarding its pricing practices for Eylea, including undisclosed payments to distributors that affected the selling price [5]. - Specific claims include that Regeneron’s actions misled investors about the true sales figures and violated the False Claims Act by overstating the Average Sales Price reported to federal agencies [5]. - The lawsuit asserts that when the true details were revealed, investors suffered damages due to the misleading nature of Regeneron's statements about its business and operations [5]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm emphasizes its experience and success in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - The firm has been consistently ranked among the top firms for securities class action settlements since 2013 [4].
Linvoseltamab Recommended for EU Approval by the CHMP to Treat Relapsed/Refractory Multiple Myeloma
Globenewswire· 2025-02-28 12:00
Core Viewpoint - Regeneron Pharmaceuticals has received a positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use recommending conditional marketing authorization for linvoseltamab to treat adults with relapsed and refractory multiple myeloma who have undergone at least three prior therapies [1][2] Summary by Sections Clinical Development - Linvoseltamab is an investigational bispecific antibody targeting B-cell maturation antigen (BCMA) and CD3, designed to activate T-cells to kill cancer cells [4] - The pivotal LINKER-MM1 trial involved 282 patients with relapsed and refractory multiple myeloma, focusing on safety, tolerability, and anti-tumor activity [5][6] - The trial's primary endpoint is the objective response rate, with secondary endpoints including duration of response and overall survival [5] Regulatory Status - The FDA has accepted the Biologics License Application for linvoseltamab, with a target action date set for July 10, 2025 [2] - The European Commission is expected to make a final decision regarding the marketing authorization in the coming months [1] Disease Context - Multiple myeloma is the second most common blood cancer, with over 35,000 new cases diagnosed annually in Europe and 187,000 globally [3] - The disease is characterized by the proliferation of cancerous plasma cells, leading to severe health complications [3] Treatment Landscape - Current treatments for multiple myeloma are not curative, and most patients will eventually require additional therapies due to disease progression [3] - Linvoseltamab is being evaluated not only as a monotherapy but also in combination with other treatments across various lines of therapy [7]
Levi & Korsinsky Reminds Regeneron Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 10, 2025 - REGN
Prnewswire· 2025-02-28 10:45
NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company") (NASDAQ: REGN) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Regeneron investors who were adversely affected by alleged securities fraud between November 2, 2023 and October 30, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/regeneron-ph ...
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Regeneron Pharmaceuticals
Prnewswire· 2025-02-27 15:06
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Regeneron Pharmaceuticals, Inc. related to alleged violations of federal securities laws, particularly concerning misleading statements and undisclosed financial practices that may have inflated the reported sales of its drug Eylea [2][4][5]. Group 1: Allegations Against Regeneron - The complaint alleges that Regeneron made false and misleading statements regarding credit card fee payments to distributors, which were not disclosed as price concessions, leading to inflated sales figures for Eylea [4]. - It is claimed that Regeneron's actions provided a competitive advantage by subsidizing treatment costs, which misled investors about the company's true financial health [5]. - The U.S. Department of Justice filed a complaint against Regeneron under the False Claims Act, alleging that the company failed to report millions in discounts, resulting in inflated Average Selling Prices (ASP) for Eylea [5]. Group 2: Financial Impact and Stock Performance - Following the DOJ announcement, Regeneron's stock price fell by $31.50, or 3.36%, closing at $904.70 on April 12, 2024, with unusually heavy trading volume [6]. - On October 31, 2024, Regeneron reported third-quarter 2024 financial results, revealing only a 3% increase in U.S. net sales for Eylea compared to the previous year, with sales of Eylea HD at $392 million, missing consensus estimates [7]. - The stock price dropped by $84.59, or 9.2%, to close at $838.20 per share on the same day, indicating a significant market reaction to the disappointing sales figures [7]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $100,000 in Regeneron between November 2, 2023, and October 30, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - There is a March 10, 2025, deadline for investors to seek the role of lead plaintiff in the federal securities class action against Regeneron [2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Regeneron's conduct [9].
Odronextamab BLA Accepted for FDA Review for the Treatment of Relapsed/Refractory Follicular Lymphoma
Globenewswire· 2025-02-26 12:00
Core Viewpoint - Regeneron Pharmaceuticals has resubmitted the Biologics License Application (BLA) for odronextamab to the FDA for the treatment of relapsed/refractory follicular lymphoma, with a decision expected by July 30, 2025 [1][2]. Group 1: FDA Review and Clinical Trials - The FDA accepted the BLA resubmission after Regeneron met the enrollment target for the Phase 3 trial (OLYMPIA-1), which was the only issue identified in the previous submission [2]. - Data from Phase 1 and pivotal Phase 2 trials (ELM-1 and ELM-2) showed an overall response rate of 80% (n=103), with 74% (n=95) achieving a complete response [2]. - Serious adverse events were reported in 67% of patients, with cytokine release syndrome, COVID-19, and pneumonia being the most common [2]. Group 2: Product Information and Market Context - Odronextamab is already approved in the EU as Ordspono™ for treating R/R FL or diffuse large B-cell lymphoma after two or more lines of therapy [3]. - Follicular lymphoma (FL) is a common subtype of B-cell non-Hodgkin lymphoma, with approximately 122,000 cases diagnosed globally each year and over 13,600 cases expected in the U.S. in 2025 [4]. Group 3: Clinical Development Program - The clinical development program for odronextamab includes ongoing trials (ELM-1 and ELM-2) investigating its safety and efficacy across various B-NHL subtypes [5][6]. - The primary endpoint for these trials is the objective response rate, with secondary endpoints including complete response and overall survival [6]. - Odronextamab is being evaluated both as a monotherapy and in combination with other therapies in multiple Phase 3 trials [7]. Group 4: Company Overview - Regeneron is a leading biotechnology company focused on developing medicines for serious diseases, leveraging over three decades of expertise in biology and proprietary technologies [12][13]. - The company is known for its innovative approaches in blood cancer research, particularly in bispecific antibodies and other therapeutic modalities [9].
REGN INVESTOR NOTICE: Regeneron Pharmaceuticals, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Prnewswire· 2025-02-25 23:30
SAN DIEGO, Feb. 25, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) securities between November 2, 2023 and October 30, 2024, both dates inclusive (the "Class Period"), have until Monday, March 10, 2025 to seek appointment as lead plaintiff of the Regeneron class action lawsuit. Captioned Radtke v. Regeneron Pharmaceuticals, Inc., No. 25-cv-00145 (S.D.N.Y.), the Regeneron class action lawsuit charges Regeneron as ...
REGN Deadline: REGN Investors Have Opportunity to Lead Regeneron Pharmaceuticals, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-02-25 22:00
Core Viewpoint - The Rosen Law Firm is reminding investors who purchased Regeneron Pharmaceuticals, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Regeneron securities between November 2, 2023, and October 30, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 10, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Regeneron - The lawsuit alleges that Regeneron made false and misleading statements regarding its business practices, particularly related to its product Eylea [5]. - Specific allegations include that Regeneron paid credit card fees to distributors to prevent them from charging customers more for using credit cards, which effectively subsidized the prices for Eylea [5]. - The lawsuit claims that these actions misled investors about the true sales figures and pricing strategies of Regeneron, resulting in damages when the true information was revealed [5].
Regeneron Pharmaceuticals (REGN) Faces Mounting Pressure on Sales, Legal Fronts– Hagens Berman
GlobeNewswire News Room· 2025-02-24 21:22
Core Insights - Regeneron Pharmaceuticals Inc. is experiencing significant challenges, including disappointing sales, legal issues, and analyst downgrades [1][2] - TD Cowen has reduced its price target for Regeneron from $1,230 to $1,030 due to increased competition and lower revenue expectations for EYLEA® [1] Sales Performance - Regeneron reported only a 3% year-over-year increase in U.S. net sales for EYLEA® and EYLEA HD® in Q3 2024, attributing the underperformance to lower net selling prices and pricing pressure in the anti-VEGF category [6] Legal Challenges - The company is involved in a securities fraud class action lawsuit related to a significant stock price drop on October 31, 2024, which resulted in a loss of approximately $9 billion in market capitalization [2] - The lawsuit alleges that Regeneron made false statements regarding Medicare reimbursement rules for EYLEA® and failed to disclose credit card fee payments to distributors, which allegedly inflated reported sales figures [3][4] Regulatory Issues - The Department of Justice has filed a lawsuit against Regeneron for alleged violations of the False Claims Act, claiming the company fraudulently inflated Medicare reimbursement rates by submitting false Average Sales Price (ASP) reports [5] - The undisclosed price concessions related to credit card processing fees are central to the allegations, suggesting that Regeneron misrepresented its revenue reporting [7]
Latest DB-OTO Results Demonstrate Clinically Meaningful Hearing Improvements in Nearly All Children with Profound Genetic Hearing Loss in CHORD Trial
Newsfilter· 2025-02-24 20:00
Core Insights - Regeneron Pharmaceuticals announced updated data for its investigational gene therapy DB-OTO, showing significant improvements in hearing among children with profound genetic hearing loss due to otoferlin gene variants [1][6][12] - The Phase 1/2 CHORD trial demonstrated that 10 out of 11 children assessed post-treatment exhibited notable hearing improvements, with some achieving near-normal hearing levels [3][4] Group 1: Trial Results - The first participant in the trial showed improvement in hearing to near-normal levels across key speech frequencies, with positive auditory brainstem responses corroborating these findings [3] - Among the 11 participants with at least one post-treatment assessment, 10 demonstrated improved hearing at various decibel levels, with three out of five participants showing significant improvements in average hearing thresholds [4] - The first child treated at 10 months of age exhibited progress in speech and development, highlighting the therapy's potential impact on quality of life [1][2] Group 2: Safety and Tolerability - The surgical procedure for administering DB-OTO was well tolerated, with no serious adverse events related to the therapy reported [5] - Five participants experienced transient vestibular adverse events post-surgery, which resolved within six days [5] Group 3: Regulatory Designations - DB-OTO has received multiple designations from the U.S. FDA, including Orphan Drug and Fast Track designations, indicating its potential significance in treating rare pediatric diseases [6] - The investigational therapy is currently under clinical investigation, with its safety and efficacy not yet evaluated by regulatory authorities [6] Group 4: Background on Hearing Loss - Congenital deafness affects approximately 1.7 out of every 1,000 children born in the U.S., with genetic causes accounting for about half of these cases [7] - Otoferlin-related hearing loss is ultra-rare and results from variants in the OTOF gene, leading to a lack of functional otoferlin protein essential for auditory nerve communication [7] Group 5: CHORD Trial Overview - The CHORD trial is a Phase 1/2, multicenter, open-label study evaluating the safety, tolerability, and preliminary efficacy of DB-OTO in children with otoferlin variants [8][9] - The trial is currently enrolling participants across the U.S., U.K., and Spain, with a focus on infants, children, and adolescents [9]
Shareholders that lost money on Regeneron Pharmaceuticals, Inc.(REGN) should contact The Gross Law Firm about pending Class Action - REGN
Prnewswire· 2025-02-24 10:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Regeneron Pharmaceuticals, Inc. regarding a class action lawsuit alleging misleading statements and omissions related to the pricing and sales of Eylea, a primary product of the company [1]. Allegations Summary - The lawsuit claims that Regeneron made materially false and misleading statements during the class period from November 2, 2023, to October 30, 2024 [1]. - Specific allegations include that Regeneron paid credit card fees to distributors to prevent them from charging higher prices to Eylea customers using credit cards, which effectively subsidized the prices for these customers [1]. - It is alleged that these actions led to a price concession that lowered Eylea's selling price, providing a competitive advantage in a sensitive pricing environment for retina practices [1]. - The complaint asserts that Regeneron misrepresented Eylea sales figures and overstated the Average Selling Price (ASP) reported to federal agencies, violating the False Claims Act [1]. Next Steps for Shareholders - Shareholders who purchased shares of Regeneron during the specified class period are encouraged to register for the class action by March 10, 2025, to potentially be appointed as lead plaintiffs [2]. - Registration will include enrollment in a portfolio monitoring software to provide updates throughout the case lifecycle [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].