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Regeneron Reports Full Year and Fourth Quarter 2010 Financial and Operating Results

any product success, and risks associated with third party intellectual property.  A more complete description of these and other material risks can be found in Regeneron's filings with the United States Securities and Exchange Commission (SEC), including its Form 10-K for the year ended December 31, 2010.  Regeneron does not undertake any obligation to update publicly any forward-looking statement, whether as a result of new information, future events, or otherwise, unless required by law.Contacts Information:Michael Aberman, M.D.

Peter DworkinInvestor Relations

Corporate Communications914.345.7799

peter.dworkin@regeneron.comREGENERON PHARMACEUTICALS, INC. CONDENSED BALANCE SHEETS (Unaudited)(In thousands)December 31,December 31,20102009ASSETSCash, restricted cash, and marketable securities

626,939$390,010Receivables93,11265,568Property, plant, and equipment, net

347,450259,676Other assets21,93125,948Total assets

$1,089,432$741,202LIABILITIES AND STOCKHOLDERS' EQUITYAccounts payable, accrued expenses, and other liabilities

$61,008$52,990Deferred revenue

340,579182,428Facility lease obligations

160,030109,022Stockholders' equity

527,815396,762Total liabilities and stockholders' equity

$1,089,432$741,202REGENERON PHARMACEUTICALS, INC.CONDENSED STATEMENTS OF OPERATIONS (Unaudited)(In thousands, except per share data) For the three monthsFor the yearended December 31,ended December 31,2010200920102009RevenuesCollaboration revenue

$117,047$80,582$386,725$314,457Technology licensing

10,03810,01340,15040,013Net product sales

5,2695,00025,25418,364Contract research and other

1,3211,2056,9456,434133,67596,800459,074379,268ExpensesResearch and development


SOURCE Regeneron Pharmaceuticals, Inc.
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