Regeneron Pharmaceuticals Inc
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Regeneron Pharmaceuticals Inc. Watchdog Report ™ REGN (NASDAQ Global) | CIK:872589 | United States | SEC llings The new model for duciary analysis Sep 24, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 5, 2021 for period ending Jun 2021 Business address: Tarrytown, New York, United States Reporting Irregularities RECENT HISTORICAL Industry: Pharmaceutical Preparation Manufacturing (NAICS 325412) Financial Restatements SEC ler status: Large Accelerated Filer as of Jun 2021 Index member: S&P 500, Russell 1000 Revisions Market Cap: $68.3b as of Sep 24, 2021 Out of Period Adjustments Annual revenue: $8.5b as of Dec 31, 2020 Late Filings Corporate Governance Impairments CEO: Leonard S. Schleifer MD since 1988 Changes in Accounting Estimates CFO: Robert E. Landry since 2013 Disclosure Controls 1st level Internal Controls Board Chairman: Roy P. Vagelos MD since 1995 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: PricewaterhouseCoopers LLP since 1989 Benford's Law Outside Counsel (most recent): Kirkland & Ellis LLP Paul Weiss Rifkind Wharton & Garrison LLP Beneish M-Score 3rd level Accounting Disclosure Complexity SEC Reviewer: (unknown) Securities & Exchange Commission Concerns 4th level RECENT HISTORICAL SEC Oversight SEC Letters to Management Revenue Recognition Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signicant Litigation Securities Class Actions Shareholder Activism Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities Information in this report is effective Sep 24, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 08/05/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl. Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group Overview Price and Volume History This graph shows the price and trading history for Regeneron. Warning signs and red ags are marked on the graph according to their disclosure dates. 1 Aug 20, 2021 - Insider Sale 20 Jun 10, 2020 - Insider Sale 2 Aug 10, 2021 - Insider Sale 21 May 13, 2020 - Insider Sale 3 Aug 10, 2021 - Insider Sale 22 Apr 20, 2020 - Insider Sale 4 Jul 28, 2021 - Lawsuit: Ball v. Baker et al 23 Apr 16, 2020 - Insider Sale 5 Jul 22, 2021 - Lawsuit: Humana Inc v. Regeneron Pharmaceuticals Inc 24 Apr 13, 2020 - Insider Sale 6 Feb 8, 2021 - Critical / Key Audit Matters 25 Apr 8, 2020 - Insider Sale 7 Feb 2, 2021 - SEC letters to management 26 Apr 3, 2020 - Insider Sale 8 Feb 2, 2021 - Revenue Recognition 27 Mar 11, 2020 - Insider Sale 9 Dec 31, 2020 - Insider Sale 28 Feb 7, 2020 - Critical / Key Audit Matters 10 Dec 17, 2020 - Lawsuit: UnitedHealthcare Insurance Company et al v. Regeneron Pharm… 29 Dec 13, 2019 - Insider Sale 11 Dec 11, 2020 - Lawsuit: Regeneron Pharmaceuticals Inc v. United States Department of… 30 Dec 13, 2019 - Insider Sale 12 Oct 5, 2020 - Lawsuit: Allele Biotechnology & Pharmaceuticals Inc v. Regeneron Pharm… 31 Feb 7, 2019 - Change in Accounting Estimates 13 Jul 22, 2020 - Insider Sale 32 Dec 17, 2018 - Insider Sale 14 Jul 17, 2020 - Lawsuit: Regeneron Pharmaceuticals Inc v. Novartis Pharma AG et al 33 Dec 14, 2018 - Insider Sale 15 Jul 9, 2020 - Insider Sale 34 Sep 11, 2018 - Insider Sale 16 Jun 24, 2020 - Insider Sale 35 Mar 19, 2018 - Lawsuit: Novartis Vaccines and Diagnostics Inc et al v. Regeneron Phar… 17 Jun 24, 2020 - Lawsuit: United States of America v. Regeneron Pharmaceuticals Inc 36 Dec 20, 2017 - Insider Sale 18 Jun 19, 2020 - Lawsuit: Novartis Pharma AG et al v. Regeneron Pharmaceuticals Inc 37 Dec 13, 2017 - Insider Sale 19 Jun 12, 2020 - Insider Sale 38 Dec 13, 2017 - Insider Sale Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 39 Sep 6, 2017 - Insider Sale 45 Mar 20, 2017 - Lawsuit: Sano Aventis US LLC et al v. Amgen Inc et al 40 Sep 1, 2017 - Insider Sale 46 Feb 9, 2017 - Impairment 41 Aug 24, 2017 - Insider Sale 47 Dec 19, 2016 - Insider Sale 42 Aug 9, 2017 - Insider Sale 48 Nov 16, 2016 - SEC letters to management 43 Aug 3, 2017 - Out of Period Adjustments 49 Nov 16, 2016 - Revenue Recognition 44 Apr 5, 2017 - Lawsuit: Immunex Corporation v. Sano et al 50 Feb 11, 2016 - Revisions Notications Important notications related to the company are listed here. Notications may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of notications include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules. There are no notications for Regeneron at least since 2016. Peer Group Peer groups are used by companies to benchmark executive compensation and performance. Each company identies its own peer group. Peer groups vary from company to company. Peer Group Companies Who Named Regeneron as a Peer Company Ticker Market Cap Company Ticker Market Cap Eli Lilly and Company LLY $222b Moderna, Inc. MRNA $174b AbbVie Inc. ABBV $191b Amgen Inc. AMGN $130b Merck & Co., Inc. MRK $186b CVS Health Corp. CVS $112b Bristol Myers Squibb Co. BMY $134b Regeneron Pharmaceuticals Inc. REGN $68.3b Amgen Inc. AMGN $130b Illumina Inc. ILMN $65.8b Gilead Sciences Inc. GILD $89.3b Agilent Technologies Inc. A $52.2b Regeneron Pharmaceuticals Inc. REGN $68.3b IQVIA Holdings, Inc. IQV $50.1b Vertex Pharmaceuticals Inc. VRTX $47.6b Vertex Pharmaceuticals Inc. VRTX $47.6b Biogen Inc. BIIB $43.5b Biogen Inc. BIIB $43.5b Seagen Inc. SGEN $29.4b Seagen Inc. SGEN $29.4b Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Regeneron's accounting quality compare to its peer group? REGN PEER GROUPFLAGS REGN PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures Financial Restatements 9 Signicant Litigation 9 Revisions 8 1 Securities Class Actions 1 8 Out of Period Adjustments 8 1 Shareholder Activism 8 1 Impairments 1 8 Cybersecurity 7 2 Changes in Accounting Estimates 3 6 Management Review Disclosure Controls 2 7 CEO Changes 4 3 2 Internal Controls 9 CFO Changes 1 3 5 Critical / Key Audit Matters 9 Insider Sales 6 3 Pledged Securities 9 Anomalies in the Numbers Benford's Law 7 2 Mergers & Acquisitions 6 3 Beneish M-Score 6 2 Sales of Assets 9 Accounting Disclosure Complexity 3 4 2 Auditor Assessment Auditor Changes 9 Securities & Exchange Commission Concerns SEC Oversight 9 Auditor Experience 9 SEC Letters to Management 9 Auditor Tenure 6 3 Revenue Recognition 6 3 Audit Fees 6 3 Non-GAAP Measures 9 Non-Audit Fees 4 5 Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 About Watchdog Research, Inc. Watchdog Research, Inc. is an independent research provider and publisher of Watchdog Reports. Watchdog Reports identify red ags, issues, and other anomalies in nancial reporting. Our reports contain warning signs, red ags, material disclosures, and peer analysis for use in valuation, risk analysis, due diligence research, and idea generation. Watchdog Reports are designed to assist investment professionals fulll their duciary or suitability obligations and to help investors, executives, board members, regulators and educators learn what they need to know about publicly traded companies. The company is headquartered in Ave Maria, FL. Watchdog Research, Inc. utilizes over 75 specialists and analysts to provide accurate and timely Watchdog Research, Inc. information to our readers. 5072 Annunciation Cir. Suite 202 Ave Maria, FL 34142 Our management team is: [email protected] (855) 820-6272 CEO: Brian Lawe. 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