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Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn’t visited White House in two months due to coronavirus

Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn’t visited White House in two months due to coronavirus

Welcome to Thursday’s Overnight Health Care.



Donald Trump wearing a suit and tie: Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn't visited White House in two months due to coronavirus | Employer-sponsored health insurance premiums rise 4 percent


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Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn’t visited White House in two months due to coronavirus | Employer-sponsored health insurance premiums rise 4 percent

Regeneron filed for emergency authorization of its antibody COVID-19 treatment drug, just hours after President Trump claimed it basically cured him. Mitch McConnell hasn’t been to the White House in months, and a new analysis shows Americans’ job-based health care is continually getting more expensive.

We’ll start with Regeneron:

Regeneron asks for emergency authorization of coronavirus treatment Trump received

Biotech company Regeneron late Wednesday applied for emergency authorization for an experimental antibody treatment praised by President Trump.

“Subsequent to our discussions with regulatory authorities, we have submitted a request to the U.S. Food and Drug Administration for an Emergency Use Authorization (EUA) for our REGN-COV2 investigational antibody combination for COVID-19,” the company said in a news release.

The move came just hours after the president praised the efficacy of the treatment in a short video message posted on Twitter.

“They gave me Regeneron, it’s called Regeneron,” Trump said in the five-minute video Wednesday afternoon. “It was unbelievable. I felt good immediately. I felt as good three days ago as I do now.”

Why it matters: Trump was taking several drugs for his illness, so it’s not clear which helped him feel better. He claimed he has the “emergency use authorization all set,” but the FDA is supposed to make decisions based on science and not demands from the president. Regeneron’s drug is still undergoing clinical trials, and while early results seem promising, the company has not released data to back up its claims.

Read more here.

McConnell says he hasn’t visited White

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Regeneron Shares Surge After Trump Praises COVID Treatment

Regeneron Shares Surge After Trump Praises COVID Treatment

Regeneron Pharmaceuticals  (REGN) – Get Report shares surged higher in pre-market trading Thursday after President Donald Trump praised its coronavirus antibody treatment and the drugmaker said it will seek emergency use authorization from the Food & Drug Administration. 

Regeneron said its REGN-COV2 treatment, a combination of two monoclonal antibodies, is designed to prevent the infectivity of SARS-CoV-2, the virus that causes COVID-19. The group has around 50,000 doses available for public use and said it would have doses available for “300,000 patients in total within the next few months” if the Emergency Use Authorization (EUA) is approved.

President Trump was injected with the treatment last week, according to his physicians, and he claimed in a video released late Wednesday to “feel good immediately” and suggested that “it just me me better. I call that a cure.” 

Regeneron shares were marked 4.6% higher in pre-market trading Thursday to indicate an opening bell price of $619.00 each, a move that would extend the stock’s six-month gain to around 20.8%.

Regeneron’s REGN-COV2, is undergoing a jointly run trial with the National Institute of Allergy and Infectious Diseases, of 2,000 people, as well as a separate study of 2,900 coronavirus patients who are in hospitals and ambulatory settings.

Earlier on Wednesday, Eli Lilly & Co. filed an EUA application with the FDA trial data showing that the experimental antibody, Y-CoV555, met both primary and secondary endpoints. 

The drugmaker had earlier noted that the treatment, which is being manufactured in a joint arrangement with Amgen Inc.  (AMGN) – Get Report. reduced the need for hospitalization and emergency-room visits among patients with moderate coronavirus symptoms.

Eli Lilly said it’s studying several neutralizing antibodes for the prevention and treatment of COVID-19, either in combination with other drugs or as a so-called monotherapy,

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Regeneron Pharmaceuticals Stock Shoots Up 8% on Trump Treatment

Regeneron Pharmaceuticals Stock Shoots Up 8% on Trump Treatment



a close up of a bottle: A doctor holds a coronavirus 2019-nCoV Blood Sample


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A doctor holds a coronavirus 2019-nCoV Blood Sample

Regeneron Pharmaceuticals (NASDAQ:REGN) stock is taking off on Monday following news that its treatment for the novel coronavirus was used on President Donald Trump.



a person posing for the camera: A doctor holds a coronavirus 2019-nCoV Blood Sample


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A doctor holds a coronavirus 2019-nCoV Blood Sample

Regeneron Pharmaceuticals is working on an antibody treatment for the coronavirus that has yet to get approval from the U.S. Food and Drug Administration (FDA). The treatment was used on President Trump, who tested positive for the virus last week.

Even though the treatment doesn’t have FDA approval, that could change in the near future. Analysts are predicting it will receive emergency use authorization from the FDA in the coming days to treat patients suffering from the virus. That would be a massive boost to Regeneron Pharmaceuticals stock, reports MarketsInsider.

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