Regeneron Pharmaceuticals (NASDAQ: REGN) shares have rallied premarket today after news broke over the weekend that US President Donald Trump was treated with the company’s experimental REGN-COV2 antibody cocktail.
According to reports, Trump was given the drug alongside Remdesivir, an antiviral treatment that has reportedly helped some coronavirus patients recover quicker.
The drug is currently undergoing trials, and in Regeneron’s latest press release, they said that their findings showed REGN-COV2 “rapidly reduced viral load through day 7 in seronegative patients.”
Interested in investing after today’s move?
XTB gives investors access to thousands of UK and international stocks,
including fractional shares from just £1.
Explore stocks with XTB →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to invest in the stocks making the news?
Go from following the market to investing in it, with access to thousands
of stocks across major UK and international markets.
See available stocks →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Own the stocks you’re reading about
Invest in real shares across the UK, US and other major global markets
through XTB, all from one investment account.
Explore XTB shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
You don’t need to buy a whole share
Fractional shares let you invest from just £1, giving you more control
over how much you put into individual companies.
Explore fractional shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to see how XTB works first?
Explore the platform with an XTB demo account before deciding whether
you want to invest with real money.
Try the XTB demo →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
According to an Oxford University Professor involved in the UK trials of the treatment, it is “very promising.”
Professor Horby, speaking to BBC Radio 4 said that around three or four hospitals in the north were already using it, while it will be sent out to “another 30 to 40 hospitals” in the UK next week.
Regeneron has teamed up with Roche to increase the global supply of the drug if it is cleared for use.
The news has seen Regeneron’s stock price surge to $597.80, up 5.84% premarket on Monday.
PEOPLE WHO READ THIS ALSO VIEWED:
