Exhibit 99.1
 
image0a04.jpg
Press Release
 
Regeneron Reports Fourth Quarter and Full Year 2016 Financial and Operating Results
Fourth quarter 2016 EYLEA® (aflibercept) Injection U.S. net sales increased 15% to $858 million versus fourth quarter 2015 and full year 2016 EYLEA U.S. net sales increased 24% to $3.32 billion versus full year 2015
Fourth quarter 2016 EYLEA global net sales(1) increased 17% to $1.35 billion versus fourth quarter 2015 and full year 2016 EYLEA global net sales(1) increased 27% to $5.20 billion versus full year 2015
U.S. Court of Appeals for the Federal Circuit has granted stay of permanent injunction for Praluent® (alirocumab) during appeal process

Tarrytown, New York (February 9, 2017)
-- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced financial results for the fourth quarter and full year 2016 and provided a business update.
Financial Highlights
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in millions, except per share data)
 
Three Months Ended
December 31,
 
Year Ended
December 31,
 
 
2016
 
2015*
 
% Change
 
2016
 
2015*
 
% Change
EYLEA U.S. net product sales
 
$
858

 
$
746

 
15
%
 
$
3,323

 
$
2,676

 
24
%
Total revenues
 
$
1,227

 
$
1,098

 
12
%
 
$
4,860

 
$
4,104

 
18
%
GAAP net income
 
$
253

 
$
155

 
63
%
 
$
896

 
$
636

 
41
%
GAAP net income per share - diluted
 
$
2.19

 
$
1.34

 
63
%
 
$
7.70

 
$
5.52

 
39
%
Non-GAAP net income(2)
 
$
353

 
$
258

 
37
%
 
$
1,319

 
$
944

 
40
%
Non-GAAP net income per share - diluted(2)
 
$
3.04

 
$
2.23

 
36
%
 
$
11.32

 
$
8.12

 
39
%
 
 
 
 
 
 
 
 
 
 
 
 
 
     * See Table 3 of this press release for an explanation of revisions made to 2015 non-GAAP amounts previously reported.

"The hard work of our scientists over the last decades has brought Regeneron to the next phase of our evolution - this year we anticipate launching two additional important therapies, significantly expanding our impact for patients with serious diseases and our company's growth potential," said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. "In March, we look forward to the potential U.S. approval of Dupixent, our innovative and breakthrough IL4/13 blocking antibody, in adults with atopic dermatitis. We believe Dupixent may have the potential to help additional patients with serious allergic diseases, with pivotal Phase 3 data in adult asthma patients expected later this year.  We are also studying Dupixent in patients with nasal polyps and pediatric patients with asthma or atopic dermatitis."


1

The following information was filed by Regeneron Pharmaceuticals Inc (REGN) on Thursday, February 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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