Mar 21, 2020

Regeneron CEO on the economics of developing a Covid-19 treatment

There are some people who suggest we’re sitting around rubbing our hands together trying to figure out how to profit from the misfortune of this virus. This couldn’t be further from the truth. You have people who are risking their health, and that of their families, by coming to work in the labs and manufacturing facilities to do all that stuff with only one goal in mind: How fast can Regeneron produce this and deliver it to the public? It’s very frustrating for people to have any misimpression that this is easy work, at a time when many of us, including myself, are socially distancing. I’m sitting talking to you from home because I don’t have to be in the lab, while so many dedicated people still have to come to work. They’re heroes and heroines.

~ Leonard Schleifer, "Regeneron's CEO Says We Could Have a Covid-19 Treatment 'Quickly'," Barron's, March 21, 2020

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