Regeneron Pharmaceuticals IncAbbVie's acquisition of Apogee brings a potential next-gen competitor to Regeneron's Dupixent.
RBC Capital maintained a Sector Perform rating on Regeneron Pharmaceuticals on June 22, setting a $707 price target. The firm noted that AbbVie's acquisition of Apogee Therapeutics is a net negative for Regeneron, as it brings a commercially capable operator with deep dermatology relationships behind a potential next-gen competitor to Dupixent. Separately, Regeneron announced on May 28 that maftivimab has been recommended by the WHO for prioritized evaluation in clinical trials for Bundibugyo ebolavirus.
Regeneron Pharmaceuticals IncAbbVie's acquisition of Apogee brings a potential next-gen competitor to Regeneron's Dupixent.
Apogee Therapeutics, Inc. Common StockApogee is being acquired by AbbVie, a positive M&A event for Apogee shareholders.
AbbVie IncAbbVie's acquisition of Apogee brings a potential competitor to Regeneron's Dupixent, which is positive for AbbVie.
Royal Bank of Canada