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Regeneron Pharmaceuticals, Inc. Message Board

  • be_careful_outdere be_careful_outdere Jun 2, 2003 4:12 PM Flag

    Analyst says Don't Buy...

    Biotech analyst in response to a question today on Street Insight:
    REGN: Up With the Sector, but Risks Remain
    06/02/03 02:53 PM EDT Reader: Can Sally Yanchus comment on Regeneron (REGN:Nasdaq) now trading at $15.24?
    This seems to be one biotech that is being carried upward without any real substance behind the move. -- Andrew Altchek

    Sally Yanchus: REGN has rebounded because of the euphoria for biotech and also because the weight loss drug Axokine showed some limited benefits in some patient sub-populations. But I don't think that the data was good enough to characterize Axokine as a "success" because at best, if it does get approved, its market potential will be limited.

    I would not be a buyer of REGN here.

    Sally Yanchus

    Sally Yanchus is an analyst and consultant for health care clients. From 1997 through 2001, Yanchus worked as a buy-side analyst covering biotech and pharmaceuticals, first at Zurich Scudder Investments and most recently at The Galleon Group. For eight years before joining the buy side, Yanchus was a sell-side analyst covering biotech, pharmaceuticals and medical devices at Smith Barney, Morgan Stanley, Lehman Bros. and CIBC (now Oppenheimer). She holds a master's in business administration at Columbia University business school and holds a summa cum laude bachelor's from Wellesley College.

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