Regeneron Stock Down on Court Ruling for Amgen's Biosimilar of Eylea

Shares of Regeneron Pharmaceuticals, Inc. (REGN) were down 4.63% after an unfavorable ruling in its lawsuit against Amgen (AMGN) in the United States District Court for the Northern District of West Virginia.The lawsuit was related to a biosimilar of its lead drug Eylea (aflibercept 2 mg).Regeneron’s shares have rallied 24.3% year to date against the industry’s decline of 1.5%.Image Source: Zacks Investment ResearchREGN’s Lawsuit Against AMGNEylea, REGN’s lead drug, is approved for various retinal condition ...