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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

© Source: Shutterstock.com
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

© Provided by InvestorPlace
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.

Gallery: 7 ‘A-Rated’ Aggressive Biotech Stocks to Gamble On (InvestorPlace)

Before the novel coronavirus pandemic, it took an average of 4 years and more than $2 billion to get a drug through FDA safety and efficacy trials. That’s why many scientists and industry observers are so impressed (and concerned) with the speed that vaccine trials for COVID-19 have progressed. And that’s why biotech stocks have been such a popular topic of discussion. Additionally, as we’ve seen with AstraZeneca’s (NYSE:AZN) drug, even promising drugs far down the pipeline can get caught up during trials. That’s why the trials are so thorough and require large amounts of testing. The current system evolved after a polio vaccine was distributed in the heat of the polio epidemic in the U.S. in 1955. It was faulty, and of the initial 200,000 children given the vaccine, 40,000 got polio, and 10 died. That said, the speed of the current COVID-19 vaccine is a bit
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