08.07.2024 14:05:30 - dpa-AFX: Regeneron Pharma Expects Q4 Results To Include $24 Mln In Acquired In-process R&D Charge
WASHINGTON (dpa-AFX) - Regeneron Pharmaceuticals, Inc. (REGN) said Monday it
currently expects that its financial results for the second quarter 2024 will
include an acquired in-process research and development charge of approximately
$24 million on a pre-tax basis.
This charge relates to up-front payments, as well as a premium on equity
securities purchased, in connection with collaboration and licensing agreements.
This charge is expected to negatively impact each of GAAP and non-GAAP net
income per share for the second quarter 2024 by approximately $0.18.
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