Regeneron Pharmaceuticals (NASDAQ: REGN) is a leader in the field of therapeutic proteins, with a history of more than 30 years of innovation and excellence. The biotech has partnered with Bayer to create a dominant eye-disease franchise, led by Eylea (aflibercept), the best-selling anti-VEGF drug in the market. The biotech has also collaborated with Sanofi to develop cutting-edge therapies for cancer, inflammatory diseases, and lung disorders.

The two companies amended their 2015 immuno-oncology collaboration agreement last year, giving Regeneron worldwide exclusive license rights to Libtayo. However, Sanofi and Regeneron continue to reap the benefits of their blockbuster immunology drug, Dupixent, which generated a staggering $8.68 billion in sales in 2022. With several promising label expansion projects under way, analysts predict that this powerful immunology drug could reach $20 billion in annual sales by 2030.

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Source Fool.com