U.S. Govt Calls For Additional Doses Of Regeneron's COVID-19 Antibody Therapy - Regeneron Pharmaceuticals (NASDAQ:REGN)

The U.S. government will buy 1.4 million additional doses of Regeneron Pharmaceuticals Inc's REGN COVID-19 antibody cocktail.
Read Next: FDA Expands EUA for Lower Dose Subcutaneous Version of Regeneron's COVID-19 Antibody Cocktail.
The cocktail, REGEN-COV, a combination of antibodies casirivimab and imdevimab, was authorized in November for emergency use by the FDA.
The new agreement brings the total doses purchased by the U.S. government to nearly 3 million.
The Company said it would supply the additional doses by January 31, 2022, at $2,100 per dose. That values the latest contract at $2.94 billion.
Related Link: UK Approves Regeneron - Roche's COVID-19 Antibody Cocktail.
The demand for additional doses comes a couple of weeks after Eli Lilly And Co's LLY COVID-19 antibody therapy resumed distribution in the U.S.
Related: Distribution Resumes Of Eli Lilly COVID-19 Antibody Therapies.
Price Action: REGN stock closed 0.88% higher at $645.15 on Tuesday.