AWARD WINNING EDITORIAL
JUNE 21, 2021 VOL. 57, No. 25
I N CLU DI N G TH E H U DSO N VALLE Y WE E K LY S EC TIO N
westfaironline.com
Courtesy Regeneron Pharmaceuticals Inc.
INSIDE REGENERON AS COVID EXPLODED BY PETER KATZ pkatz@westfairinc.com
W
hile the Covid-19 virus was knocking the world off balance, scientists, production experts, office managers, logistics personnel and others at Regeneron Pharmaceuticals Inc. in Tarrytown were gearing up in a monumental effort to find a therapy that could save lives. Regeneron had the financial as well as human resources needed for such
an effort, having reported more than $6.55 billion in revenues and more than $2.11 billion in net income to the U.S. Securities and Exchange Commission for 2019. What resulted from Regeneron’s effort — the drug REGEN-COV, also known as the Regeneron cocktail — combines two monoclonal antibodies to attack SARSCoV-2, as Covid-19 is formally known. It’s one of the drugs that Donald J. Trump received while he was president, which some experts believe may have helped save his life after he became ill and had to be helicoptered to Walter Reed National Military Medical Center
EXCLUSIVE
Jean-Michel Boers on Boehringer Ingelheim’s 50th anniversary, future outlook
in Bethesda, Maryland. REGEN-COV has been demonstrated to prevent the hospitalization and death of Covid-19 patients. The U.S. Food and Drug Administration (FDA) gave it Emergency Use Authorization, subsequently modifying that to allow for the drug to be injected as well as infused. The FDA also allowed » REGENERON
6
BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com Jean-Michel Boers doesn’t often speak to the media, but in an exclusive interview with the Business Journal, he spoke of Boehringer Ingelheim’s future as it marks 50 years in the U.S. While understandably proud of Boehringer Ingelheim USA’s reaching
its golden anniversary this year, the president and CEO notes that parent company Boehringer Ingelheim was actually founded by Albert Boehringer in Ingelheim am Rhein, Germany — in 1885. “So obviously we were doing business with the U.S. for years,” Boers said. “But when we set up operations here, Ridgefield was chosen, and that’s where we’ve been since.”
The 294-acre campus is the pharma giant’s North American headquarters, but Boers noted that it has a number of other sites across the U.S., including in Fremont, California, and its animal health operation in Duluth, Georgia. The latter was acquired in 2017, in an unusual arrangement where Boehringer Ingelheim » EXCLUSIVE
8
WE HAVE THE TOOLS TO OPTIMIZE YOUR BUSINESS Dedicated Mobile App • Remote Deposit Capture • Automated Clearing House (ACH) • Wire Transfer Online Banking with Bill Pay • Merchant Credit Card Processing • Positive Pay • Escrow Account Management Call Dominick Petramale, SVP, RBO & Director of Cash Management Services
Serving the Lower Hudson Valley Since 1871 914-248-7272 PCSB.com