Regeneron links up with Roche on its REGN-COV2 antibody combination for COVID-19
US biotech Regeneron Pharmaceuticals (Nasdaq: REGN) has enlisted the help if Swiss pharma giant Roche (ROG: SIX) to develop, manufacture and distribute REGN-COV2, Regeneron’s investigational antiviral antibody combination.
Both companies saw their share edge higher on the news, with Regeneron up 2.3% at $632.81 in morning trading and Roche rising 1.8% to 321.40 Swiss francs by close.
This collaboration is expected to increase supply of REGN-COV2 to at least three and a half times the current capacity, with the potential for even further expansion.
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