v3.24.3
Product Sales (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Product Sales
Net product sales consist of the following:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2024202320242023
EYLEA HD®
U.S.$392.3 $42.7 $896.5 $42.7 
EYLEA®
U.S.1,144.6 1,448.2 3,576.7 4,382.1 
Total EYLEA HD and EYLEAU.S.1,536.9 1,490.9 4,473.2 4,424.8 
Libtayo®
U.S.194.5 144.1 536.1 384.0 
Libtayo
Rest of world
94.1 88.3 313.8 235.3 
Total Libtayo
Global
288.6 232.4 849.9 619.3 
Praluent®
U.S.52.9 40.4 179.0 121.1 
Evkeeza®
U.S.32.4 19.1 87.6 53.3 
Inmazeb®
Global
35.6 3.3 36.6 7.7 
$1,946.4 $1,786.1 $5,626.3 $5,226.2 
Amounts recognized in the Company's Statements of Operations in connection with its Sanofi collaboration are as follows:
Statement of Operations Classification
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2024202320242023
Regeneron's share of profits
Collaboration revenue$1,088.3 $863.0 $2,880.6 $2,250.6 
Sales-based milestones earned
Collaboration revenue
$— $50.0 $— $50.0 
Reimbursement for manufacturing of commercial suppliesCollaboration revenue$175.1 $151.5 $438.2 $506.0 
Regeneron's obligation for its share of Sanofi R&D expenses, net of reimbursement of R&D expenses
(R&D expense)
$(7.8)$(25.8)$(35.5)$(66.7)
Reimbursement of commercialization-related expenses Reduction of SG&A expense$169.0 $135.5 $459.3 $384.0 
Amounts recognized in the Company's Statements of Operations in connection with its Bayer collaboration are as follows:
Statement of Operations Classification
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2024202320242023
Regeneron's share of profits
Collaboration revenue$367.6 $349.9 $1,054.5 $1,031.0 
Reimbursement for manufacturing of ex-U.S. commercial suppliesCollaboration revenue$23.2 $27.2 $67.4 $79.7 
Regeneron's obligation for its share of Bayer R&D expenses, net of reimbursement of R&D expenses
(R&D expense)
$(11.8)$(9.7)$(35.2)$(35.1)
Amounts recognized in the Company's Statements of Operations in connection with its Roche collaboration are as follows:
Statement of Operations Classification
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)20242023
2024
2023
Global gross profits earned in connection with sales of Ronapreve
Collaboration revenue$0.5 $— $1.4 $222.2 
Other
Collaboration revenue$— $(5.7)$— $(9.5)
Schedules of Sales to Customers as Percentage of Total Gross Product Revenue Sales to each of these customers as a percentage of the Company's total gross product revenue are as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Besse Medical, a subsidiary of Cencora, Inc.51 %53 %51 %52 %
McKesson Corporation24 %24 %24 %25 %