Regeneron Expects Earnings Hit After $24 Million R&D Charge
Provided by
Dow Jones
By Don Nico Forbes
Regeneron Pharmaceuticals expects to incur an acquired in-process research and development charge of about $24 million in the second quarter, which should negatively impact earnings per share.
The biotechnology company said the charge will likely hit net income per diluted share for the quarter by roughly 18 cents.
Regeneron said the charge relates to up-front payments, as well as a premium on equity securities purchased, in connection with collaboration and licensing agreements.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
July 08, 2024 08:00 ET (12:00 GMT)
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