{"id":121403,"date":"2021-09-14T22:48:14","date_gmt":"2021-09-14T22:48:14","guid":{"rendered":"https:\/\/fin2me.com\/?p=121403"},"modified":"2021-09-14T22:48:14","modified_gmt":"2021-09-14T22:48:14","slug":"u-s-to-buy-1-4-million-additional-doses-of-regenerons-covid-19-therapy","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/u-s-to-buy-1-4-million-additional-doses-of-regenerons-covid-19-therapy\/","title":{"rendered":"U.S. to buy 1.4 million additional doses of Regeneron's COVID-19 therapy"},"content":{"rendered":"
FILE PHOTO: A large vaccination site is shown as people with preexisting health conditions are granted access to a vaccination during the outbreak of the coronavirus disease (COVID-19) in Inglewood, California, U.S., March 15, 2021. REUTERS\/Mike Blake\/File Photo<\/figcaption>

(Reuters) -Regeneron Pharmaceuticals Inc said on Tuesday the U.S. government will buy 1.4 million additional doses of its COVID-19 antibody cocktail, REGEN-COV.<\/p>\n

The cocktail, a combination of antibodies casirivimab and imdevimab, was authorized in November for emergency use by the U.S. Food and Drug Administration.<\/p>\n

The new agreement brings the total doses purchased by the U.S. government to nearly 3 million.<\/p>\n

The company, which completed its contract with the U.S. government of supplying 1.5 million doses in the second quarter, said it would supply the additional doses by Jan. 31 at a cost of $2,100 per dose. That values the latest contract at $2.94 billion.<\/p>\n

\u201cWhile vaccination remains the first line of defense to decrease the burden of COVID-19, REGEN-COV is a key tool that reduces the risk of hospitalization or death by 70% in high-risk individuals when given early in the course of the infection,\u201d Regeneron Chief Executive Officer Leonard Schleifer said.<\/p>\n

Shares of Regeneron were up 1.5% in trading after the bell.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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