DoJ files False Claims Act complaint against Regeneron
The US Department of Justice (DoJ) says it has filed a complaint under the False Claims Act (FCA) against Regeneron (Nasdaq: REGN).
New York-based Regeneron manufactures and sells Eylea (aflibercept) , an anti-vascular endothelial growth factor inhibitor approved by the Food and Drug Administration to treat, among other conditions, neovascular age-related macular degeneration, a prevalent, usually age-related condition that impairs vision.
Fourth quarter 2023 US net sales for high dose Eylea HD and Eylea (aflibercept) were $1.46 billion. The drug is partnered with Germany’s Bayer (BAYN: DE).
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