Jim Cramer: Don’t Buy Regeneron Off of Its EUA Application With the FDA

Regeneron’s  (REGN) – Get Report monoclonal antibody treatment has been praised by President Donald Trump who

Regeneron’s  (REGN) – Get Report monoclonal antibody treatment has been praised by President Donald Trump who took the treatment after he tested positive for the coronavirus and tweeted about it last week.

Regeneron now says that it will seek emergency use authorization from the Food & Drug Administration.

Regeneron said its REGN-COV2 treatment, a combination of two monoclonal antibodies, is designed to prevent the infectivity of SARS-CoV-2, the virus that causes COVID-19. The group has around 50,000 doses available for public use and said it would have doses available for “300,000 patients in total within the next few months” if the Emergency Use Authorization (EUA) is approved.

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