August 2, 2018 / 11:04 AM / 2 months ago

Regeneron profit beats expectations on sales of eczema drug

Aug 2 (Reuters) - Drugmaker Regeneron Pharmaceuticals Inc reported a better-than-expected quarterly profit, helped by higher sales of eczema drug Dupixent.

Dupixent’s sales jumped to $209 million in the second quarter.

U.S. sales of Regeneron’s flagship eye drug, Eylea, increased 8 pct to $992 million in the second quarter, but missed estimates of $1 billion, according to brokerage Piper Jaffray.

Net income rose to $551.4 million, or $4.82 per share, in the three months ended June 30 from $387.7 million, or $3.34 per share, last year.

Excluding items, it earned $5.45 per share, topping average analyst estimate of $4.70.

Total revenue rose 9.3 pct to $1.61 billion, beating estimates of $1.56 billion. (Reporting by Aakash Jagadeesh Babu and Tamara Mathias in Bengaluru; Editing by Anil D’Silva)

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