Regeneron shares climb after FDA approval of macular degeneration treatment

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Regeneron shares climb after FDA approval of macular degeneration treatment
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Shares of Regeneron Pharmaceuticals Inc. gained 1.4% premarket on Monday after the company said late Friday that the U.S. Food and Drug Administration had...

Shares of Regeneron Pharmaceuticals Inc.

gained 1.4% premarket on Monday after the company said late Friday that the U.S. Food and Drug Administration had approved a higher-dose formulation of its macular degeneration treatment Eylea. The eight-milligram Eylea injection, jointly developed by Regeneron and Bayer AG BAYRY, -1.36%, is approved for treatment of wet age-related macular degeneration, diabetic macular edema, and diabetic retinopathy, Regeneron said in a release.

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