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M&T Bank Corp Buys 10,350 Shares of Regeneron Pharmaceuticals, Inc. $REGN
M&T Bank Corp significantly increased its stake in Regeneron Pharmaceuticals Inc. by 193.9%, acquiring an additional 10,350 shares to hold a total of 15,689 shares valued at $12.11 million. This increase follows positive developments for Regeneron, including FDA approval of a gene therapy and favorable analyst upgrades, despite some potential near-term revenue limitations due to providing the therapy for free to eligible U.S. patients. The company also reported strong Q4 EPS, raised its dividend, and maintains a “Moderate Buy” consensus rating among analysts.