Press release from PR Newswire
Regeneron Ranked by Science Magazine as the #2 Employer in the Global Biopharmaceutical Industry
Thursday, September 15, 2011
Regeneron Ranked by Science Magazine as the #2 Employer in the Global Biopharmaceutical Industry16:00 EDT Thursday, September 15, 2011TARRYTOWN, N.Y., Sept. 15, 2011 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) today announced that Science magazine has ranked Regeneron as the #2 employer in the global biopharmaceutical industry in its annual survey of Top Employers."It is extremely satisfying for Regeneron to be recognized by Science as one of the best places to be a scientist," said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. "It is a priority at Regeneron to create an environment where talented individuals can conduct groundbreaking science and where creativity and innovation are encouraged and recognized. We are grateful to Science for acknowledging our science-based culture and to our fantastic employees who give their best every day to the pursuit of important new medicines through scientific discoveries."Details of the rankings and survey results will be published online on Sept. 16 at www.sciencecareers.org/TopEmployers2011 and will be included in the Oct. 7 print issue of Science.Regeneron, founded in 1988, currently has approximately 1,670 employees, of whom more than 300 hold Ph.D. or M.D. degrees. Regeneron has added about 1,000 employees since 2007, primarily to support its research and development programs. The Company proprietary VelociGene® and VelocImmune® technologies were used to discover and develop eight fully-human monoclonal antibodies that are in clinical development. The Company's Trap fusion protein technology was applied to develop ARCALYST® (rilonacept) and two product candidates that have completed Phase 3 clinical studies.About the Top Employers SurveyThe Science and Science Careers' annual Top Employers Survey polls employees in the biotechnology, biopharmaceutical, pharmaceutical, and related industries to determine the driving characteristics of the best employers and to identify the 20 best employers from a universe of about 200 companies. Respondents to the web-based survey were asked to rate companies based on 23 characteristics, including financial strength, easy adaptation to change, and a research-driven environment.According to Science, the 2011 global survey results were based on 3,784 responses from North America (80%), Europe (12%), and Asia/Pacific Rim (6%). A mathematical process was used to assign a unique score to rate each company's employer reputation. About Regeneron Pharmaceuticals Regeneron is a fully integrated biopharmaceutical company that discovers, develops, manufacturers, and commercializes medicines for the treatment of serious medical conditions. In addition to ARCALYST® (rilonacept) Injection for Subcutaneous Use, which is approved for the treatment of a rare inflammatory condition, Regeneron has completed Phase 3 clinical trials of rilonacept for a new indication and of product candidates EYLEA? (aflibercept injection; VEGF Trap Eye) in diseases of the eye and ZALTRAP® (aflibercept) (VEGF Trap) in colorectal cancer. EYLEA is currently under review with U.S. and European regulatory authorities. Additional therapeutic candidates developed from proprietary Regeneron technologies for creating fully human monoclonal antibodies are in earlier stage development programs in rheumatoid arthritis, pain, cholesterol reduction, allergic and immune conditions, and cancer. Additional information about Regeneron and recent news releases are available on www.regeneron.com.Contact Information:Michael Aberman, M.D.Peter DworkinInvestor RelationsCorporate Communications914.email@example.com@regeneron.comSOURCE Regeneron Pharmaceuticals, Inc.