Regeneron Pharmaceuticals Inc.’s share price slid 8 October after rival Novartis AG won approval from the US Food and Drug Administration (FDA) for its injectable Beovu (brolucizumab) for treating wet age-related macular degeneration, amid views the VEGF inhibitor’s attractive profile could undermine sales of Eylea (aflibercept). But some analysts said the sell-off had been overdone.
Investors were reacting to Novartis’s news on 8 October that it won approval for its new injectable Beovu for use...





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