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調査速報:Regn社、製造上の問題にもかかわらず、デュピクセントとアイリーアHDの好調な売上により第1四半期を好調に終える

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-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。Regeneronは、2026年第1四半期に堅調な業績を達成し、総売上高は36億ドル(前年同期比19%増)、非GAAPベースの1株当たり利益(EPS)は9.47ドル(前年同期比15%増)となり、市場予想を上回りました。EYLEAフランチャイズは、従来のEYLEAからEYLEA HDへの移行が順調に進んでおり、HDの売上高は4億6,800万ドル(前年同期比52%増)に達した一方、従来のEYLEAの売上高はバイオシミラーとの競合により4億7,300万ドル(前年同期比36%減)に減少しました。当社は、ポートフォリオの基盤となる強みを高く評価しており、Dupixentは世界売上高49億ドル(前年同期比33%増)と好調な勢いを維持しています。また、在庫の正常化にもかかわらず、EYLEA HDの医師単位の需要は前期比10%増加しています。経営陣は、リメリック工場での製造上の混乱が第2四半期末までに正常化すると予想しており、通期のGAAPベースの売上総利益率の見通しを77~78%に引き下げました。当社は、同社の多様な収益基盤と、最近承認されたオタルメニや進行中の第XI因子抗体第3相臨床試験を含む約50の臨床プログラムからなる豊富なパイプラインにより、短期的な製造上の逆風にもかかわらず、REGNは継続的な成長に向けて有利な立場にあると考えています。

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