Regeneron falls after Leerink Partners downgrades to 'market perform', cuts PT
Updates
** Shares of drugmaker Regeneron REGN.O fall 4.09% to $1,047.29
** Brokerage Leerink Partners downgrades co to"market perform" from "outperform," cuts PT to $1,077 from $1,175
** Says trigger for the downgrade was a court ruling for co's 2 milligram dose version of eye-care drug Eylea
** On Monday, a federal judge in West Virginia said REGN cannot immediately block U.S. sales of rival Amgen's AMGN.O biosimilar version of Eylea
** Brokerage says the ruling creates uncertainty about co's prospects for the drug's US franchise
** REGN has accused AMGN's biosimilar version of Eylea of infringing dozens of its patents
** Leerink says it cannot rule out possibility of AMGN launching Eylea's biosimilar version earlier; AMGN received FDA approval last month
** Including sessions moves, REGNstock up ~18%YTD
Reporting by Sriparna Roy in Bengaluru
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