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Garetosmab Biologics License Application Accepted for FDA Priority Review for the Treatment of Fibrodysplasia Ossificans Progressiva (FOP)

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Regeneron (NASDAQ: REGN) announced the FDA has accepted the Biologics License Application for garetosmab for adults with fibrodysplasia ossificans progressiva (FOP) and granted Priority Review with a target action date in August 2026.

The BLA is supported by positive Phase 3 OPTIMA results showing large reductions in new heterotopic bone lesions and volume versus placebo, and a safety profile with common adverse reactions including epistaxis and increased hair growth.

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Positive

  • FDA Priority Review with target action date August 2026
  • OPTIMA Phase 3: 94% reduction in new HO lesions (3 mg/kg)
  • OPTIMA Phase 3: 90% reduction in new HO lesions (10 mg/kg)
  • >99% reduction in mean total volume of new HO lesions

Negative

  • Approximate patient population: ~900 diagnosed worldwide (ultra-rare)
  • Common adverse reactions ≥30%: epistaxis, hypertrichosis, abscess, acne
  • Serious treatment-emergent adverse events reported in 3 garetosmab-treated patients

News Market Reaction

-1.59%
1 alert
-1.59% News Effect

On the day this news was published, REGN declined 1.59%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Primary endpoint reduction: 94% reduction (1 vs 19 lesions; p=0.0274) Primary endpoint reduction: 90% reduction (2 vs 19 lesions; p=0.0260) HO volume reduction: >99% reduction (0.01 vs 10.45 cm3; p=0.0013) +5 more
8 metrics
Primary endpoint reduction 94% reduction (1 vs 19 lesions; p=0.0274) 3 mg/kg garetosmab vs placebo at 56 weeks in OPTIMA
Primary endpoint reduction 90% reduction (2 vs 19 lesions; p=0.0260) 10 mg/kg garetosmab vs placebo at 56 weeks in OPTIMA
HO volume reduction >99% reduction (0.01 vs 10.45 cm3; p=0.0013) 3 mg/kg garetosmab mean total volume of new HO lesions
HO volume reduction >99% reduction (0.02 vs 10.45 cm3; p=0.0005) 10 mg/kg garetosmab mean total volume of new HO lesions
OPTIMA trial size 63 adults with FOP Participants aged 18 years and older at 56 weeks
Placebo group size n=21 Placebo arm in Phase 3 OPTIMA trial
Diagnosed FOP population Approximately 900 people Estimated diagnosed FOP cases worldwide
Median survival Approximately 56 years Median age of survival for people with FOP

Market Reality Check

Price: $782.38 Vol: Volume 675,870 is below t...
normal vol
$782.38 Last Close
Volume Volume 675,870 is below the 20-day average of 835,037 (relative volume 0.81). normal
Technical Price at $792.16 trades above the 200-day MA of $630.26 and is 3.53% below the 52-week high.

Peers on Argus

REGN slipped 0.17% while biotech peers like INSM and RPRX from the momentum list...
2 Up

REGN slipped 0.17% while biotech peers like INSM and RPRX from the momentum list moved up, indicating today’s setup appears more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Feb 11 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 11 Investor conferences Neutral +3.2% Announced webcast participation at two March 2026 healthcare investor conferences.
Feb 10 Pipeline update Positive -3.3% Highlighted expanding immunology portfolio and multiple Phase 3 and Dupixent analyses.
Feb 02 Clinical data Positive +1.8% Presented new EYLEA HD data underscoring clinical profile and treatment flexibility.
Jan 30 Earnings results Positive -1.1% Reported Q4 and full-year 2025 revenue growth with key biologics driving performance.
Jan 21 CSR initiative Positive +2.1% Announced top 40 finalists and awards totaling $1.8M for Science Talent Search.
Pattern Detected

Regeneron has shown mixed reactions to positive R&D and earnings news, with both rallies and selloffs following seemingly favorable updates.

Recent Company History

Over recent months, Regeneron reported solid financials with full-year 2025 revenue of $14.343B and highlighted a broad late-stage pipeline. News has focused on clinical data for EYLEA HD, expansion of its immunology portfolio, and participation in scientific conferences. Corporate social responsibility was spotlighted via the Regeneron Science Talent Search with over $1.8M in awards. Market reactions have alternated between gains and pullbacks around these announcements, suggesting investors weigh pipeline progress against valuation and broader portfolio dynamics when interpreting new updates like the garetosmab priority review.

Market Pulse Summary

This announcement highlights FDA Priority Review for garetosmab, backed by strong Phase 3 OPTIMA dat...
Analysis

This announcement highlights FDA Priority Review for garetosmab, backed by strong Phase 3 OPTIMA data showing up to a 94% reduction in new HO lesions and >99% reductions in lesion volume. For a disease with roughly 900 diagnosed patients worldwide and median survival of about 56 years, the unmet need is substantial. In context of Regeneron’s broader late-stage pipeline and recent regulatory milestones, investors may watch the August 2026 target action date and any further safety or durability updates.

Key Terms

biologics license application, priority review, monoclonal antibody, activin a, +4 more
8 terms
biologics license application regulatory
"accepted for Priority Review the Biologics License Application (BLA) for garetosmab"
A biologics license application is a formal request submitted to regulatory authorities seeking approval to market a new biological medicine, such as vaccines or treatments made from living organisms. It is a comprehensive review process that evaluates the safety, effectiveness, and manufacturing quality of the product. For investors, receiving approval signals that a biological therapy can be sold to the public, potentially leading to revenue growth and market success.
priority review regulatory
"has accepted for Priority Review the Biologics License Application (BLA)"
Priority review is a regulatory fast-track that shortens the time an agency spends evaluating a drug, vaccine or medical device application so a decision comes sooner than normal. For investors, it matters because a faster review is like an express lane to market: it can speed revenue potential and reduce regulatory uncertainty, but it does not guarantee approval and still requires the product to meet safety and effectiveness standards.
monoclonal antibody medical
"Garetosmab is a monoclonal antibody that blocks Activin A"
A monoclonal antibody is a laboratory-made protein designed to recognize and attach to a specific target in the body, such as a disease-causing substance or cell. It functions like a highly precise lock-and-key tool, helping to treat or detect illnesses. For investors, companies developing monoclonal antibodies can represent promising opportunities in the healthcare sector, especially as these treatments often address unmet medical needs.
activin a medical
"blocks Activin A, a protein that Regeneron scientists discovered"
Activin A is a naturally occurring protein that cells use to send signals controlling growth, inflammation and tissue repair; it often shows up in blood or tissue tests as a sign of disease activity. Investors watch it because changes in Activin A levels can point to the progress of conditions, serve as a target for new drugs, or affect regulatory decisions—like an alarm or thermometer that helps doctors and companies measure whether a treatment is working and how big a market the treatment might have.
heterotopic ossification medical
"development of heterotopic ossification (HO) lesions in people with FOP"
Heterotopic ossification is when bone tissue forms in muscles, tendons or other soft tissues where bone does not normally exist, like weeds suddenly growing in a manicured lawn. For investors, it matters because this condition can increase healthcare costs, complicate surgeries and rehabilitation, and create demand for drugs, devices or procedures designed to prevent or treat abnormal bone growth, affecting market size and clinical trial outcomes.
treatment-emergent adverse events medical
"serious treatment-emergent adverse events occurred in 1 patient treated"
Events or symptoms that either appear for the first time or get worse after a patient starts a treatment; think of new or intensified side effects that show up once medicine or a medical device is used. Investors watch these closely because they affect whether a therapy can gain regulatory approval, be prescribed widely, or face legal and commercial setbacks—similar to how early customer complaints can sink a new product’s prospects.
fast track designation regulatory
"The FDA previously granted Fast Track designation and Orphan Drug Designation"
A "fast track designation" is a process that speeds up the review and approval of a product or project, allowing it to reach the market or be completed more quickly than usual. For investors, it can signal that a product may become available sooner, potentially leading to earlier revenue or benefits, and indicating a priority status that might influence company performance and market opportunities.
orphan drug designation regulatory
"granted Fast Track designation and Orphan Drug Designation for garetosmab"
Orphan drug designation is a special status given to medicines developed to treat rare diseases affecting only a small number of people. This status often provides benefits like faster approval processes and financial incentives, making it more attractive for companies to develop these drugs. For investors, it signals potential for exclusive market rights and reduced competition, which can impact the drug’s profitability.

AI-generated analysis. Not financial advice.

FOP is an ultra-rare genetic disorder characterized by abnormal bone formation that infiltrates muscles, tendons, ligaments and other connective tissues, resulting in significant disability 

If approved, garetosmab would be the first and only available treatment shown to reduce the number and volume of new heterotopic bone lesions in adults with FOP

TARRYTOWN, N.Y., Feb. 19, 2026 (GLOBE NEWSWIRE) -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced that the U.S. Food and Drug Administration (FDA) has accepted for Priority Review the Biologics License Application (BLA) for garetosmab for the treatment of adults with fibrodysplasia ossificans progressiva (FOP). Garetosmab is a monoclonal antibody that blocks Activin A, a protein that Regeneron scientists discovered to be critical in the development of heterotopic ossification (HO) lesions in people with FOP. The target action date for the FDA decision is August 2026.

FOP is a relentless, ultra-rare genetic disorder in which muscles, tendons, ligaments and other connective tissues are progressively infiltrated by abnormal bone formation, a process known as HO, which results in significant disfunction of these structures and skeletal deformity. HO of the jaw, spine, hip and rib cage can make it difficult to speak, eat, walk or breathe, leading to weight loss and escalating loss of mobility. Most people with FOP are wheelchair bound by 30 years old, and the median age of survival is approximately 56 years. Approximately 900 people are diagnosed with FOP worldwide, with many others thought to remain undiagnosed or misdiagnosed.

The BLA is supported by efficacy and safety data from the positive Phase 3 OPTIMA trial evaluating garetosmab in adults with FOP. Both garetosmab doses (3 mg/kg and 10 mg/kg) evaluated in the trial were highly efficacious in reducing the total number and volume of new HO lesions at 56 weeks, compared to placebo. Regarding the primary endpoint analysis of reduction in total number of new HO lesions compared to placebo (n=21), those receiving the 3 mg/kg dose (n=19) experienced a 94% reduction (1 lesion vs. 19 lesions; p=0.0274), while those receiving the 10 mg/kg dose (n=23) experienced a 90% reduction (2 lesions vs. 19 lesions; p=0.0260). A post-hoc analysis also found both doses of garetosmab demonstrated a greater than 99% reduction in mean total volume (cm3) of new HO lesions compared to placebo (3 mg/kg: 0.01 cm3 vs. 10.45 cm3; nominal p=0.0013; 10 mg/kg: 0.02 cm3 vs. 10.45 cm3; nominal p=.0005).

At 56 weeks, among all 63 people with FOP aged 18 years and older who participated in the OPTIMA trial, serious treatment-emergent adverse events occurred in 1 patient treated with 3 mg/kg garetosmab, 2 patients treated with 10 mg/kg garetosmab and 2 patients treated with placebo. The most common adverse reactions (incidence ≥30%) are epistaxis, increased hair growth, abscess and acne.

Priority Review is granted to regulatory applications seeking approval for therapies that have the potential to provide significant improvements in the treatment, diagnosis or prevention of serious conditions. The FDA previously granted Fast Track designation and Orphan Drug Designation for garetosmab for the prevention of HO in patients with FOP. Garetosmab has also been granted Orphan Designation in the European Union, and additional garetosmab regulatory submissions are planned in countries around the world.

The safety and efficacy of garetosmab, as well as its potential use for the treatment of FOP, are investigational and have not been fully evaluated or approved by any regulatory authority.

About the OPTIMA Clinical Trial
OPTIMA is a Phase 3, multi-center, multinational trial to assess the efficacy of garetosmab on the reduction of heterotopic bone formation, as well as its safety, tolerability, and pharmacokinetics, in patients with active FOP.

The trial enrolled 63 participants aged 18 years and older who have any FOP-causing variant of type I Activin A receptor (ACVR1), exhibited FOP disease activity or progression of HO lesions, and had a cumulative analogue joint involvement scale (CAJIS) score at screening of ≤19. CAJIS is a clinician-assessed tool, with higher scores representing greater disease severity (scale: 0 to 30). Eligible participants were randomized to intravenously receive 3 mg/kg garetosmab, 10 mg/kg garetosmab, or placebo once every four weeks for 56 weeks. Following this, participants could elect to extend their treatment for at least 84 weeks or discontinue treatment and enter an observation-only arm.

During the treatment period, efficacy was evaluated through whole body computed tomography (CT) scans for HO lesions; physician and patient assessment of flare-ups; utilization of CAJIS to rate joint functionality; and observances of change in disease severity. Safety assessment includes reports of adverse events, measurement of vital signs, physical examination, and coagulation testing.

A Phase 3 trial of garetosmab in adolescents and children with FOP, OPTIMA 2, is planned to begin later this year. For more information, visit the Regeneron clinical trials website, contact clinicaltrials@regeneron.com, or call +1 844-734-6643.

About Garetosmab
Regeneron has been engaged in FOP research for decades and helped to provide fundamental insights into the biology and natural history of the disease. Regeneron scientists discovered that Activin A plays a key role in FOP by driving HO, the main pathology of FOP. Garetosmab is a VelocImmune-derived, fully-human monoclonal antibody that binds and neutralizes Activin A, which is involved in the development of heterotopic bone in people with FOP.

About Regeneron’s VelocImmune Technology
Regeneron's VelocImmune technology utilizes a proprietary genetically engineered mouse platform endowed with a genetically humanized immune system to produce fully optimized human antibodies. When Regeneron's Co-Founder, President and Chief Scientific Officer George D. Yancopoulos was a graduate student with his mentor Frederick W. Alt in 1985, they were the first to envision making such a genetically humanized mouse, and Regeneron has spent decades inventing and developing VelocImmune and related VelociSuite® technologies. Dr. Yancopoulos and his team have used VelocImmune technology to create a substantial proportion of all original, FDA-approved fully human monoclonal antibodies. This includes Dupixent® (dupilumab), Libtayo® (cemiplimab-rwlc), Praluent® (alirocumab), Kevzara® (sarilumab), Evkeeza® (evinacumab-dgnb), Inmazeb® (atoltivimab, maftivimab and odesivimab-ebgn) and Veopoz® (pozelimab-bbfg). In addition, REGEN-COV® (casirivimab and imdevimab) had been authorized by the FDA during the COVID-19 pandemic until 2024. Garetosmab was also created using Regeneron's VelocImmune technology.

About Regeneron
Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases, and rare diseases.

Regeneron pushes the boundaries of scientific discovery and accelerates drug development using our proprietary technologies, such as VelociSuite, which produces optimized fully human antibodies and new classes of bispecific antibodies. We are shaping the next frontier of medicine with data-powered insights from the Regeneron Genetics Center® and pioneering genetic medicine platforms, enabling us to identify innovative targets and complementary approaches to potentially treat or cure diseases.

For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.

Forward-Looking Statements and Use of Digital Media

This press release includes forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Regeneron Pharmaceuticals, Inc. (“Regeneron” or the “Company”), and actual events or results may differ materially from these forward-looking statements. Words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “seek,” “estimate,” variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, the nature, timing, and possible success and therapeutic applications of products marketed or otherwise commercialized by Regeneron and/or its collaborators or licensees (collectively, “Regeneron’s Products”) and product candidates being developed by Regeneron and/or its collaborators or licensees (collectively, “Regeneron’s Product Candidates”) and research and clinical programs now underway or planned, including without limitation garetosmab; the likelihood, timing, and scope of possible regulatory approval and commercial launch of Regeneron’s Product Candidates and new indications for Regeneron’s Products, including garetosmab for the treatment of adults with fibrodysplasia ossificans progressiva as discussed in this press release; uncertainty of the utilization, market acceptance, and commercial success of Regeneron’s Products and Regeneron’s Product Candidates and the impact of studies (whether conducted by Regeneron or others and whether mandated or voluntary), including the studies discussed or referenced in this press release, on any of the foregoing or any potential regulatory approval of Regeneron’s Products and Regeneron’s Product Candidates (such as garetosmab); the ability of Regeneron’s collaborators, licensees, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labeling, distribution, and other steps related to Regeneron’s Products and Regeneron’s Product Candidates; the ability of Regeneron to manage supply chains for multiple products and product candidates and risks associated with tariffs and other trade restrictions; safety issues resulting from the administration of Regeneron’s Products and Regeneron’s Product Candidates (such as garetosmab) in patients, including serious complications or side effects in connection with the use of Regeneron’s Products and Regeneron’s Product Candidates in clinical trials; determinations by regulatory and administrative governmental authorities which may delay or restrict Regeneron’s ability to continue to develop or commercialize Regeneron’s Products and Regeneron’s Product Candidates; ongoing regulatory obligations and oversight impacting Regeneron’s Products, research and clinical programs, and business, including those relating to patient privacy; the availability and extent of reimbursement or copay assistance for Regeneron’s Products from third-party payors and other third parties, including private payor healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payors and other third parties and new policies and procedures adopted by such payors and other third parties; changes to drug pricing regulations and requirements and Regeneron’s pricing strategy; other changes in laws, regulations, and policies affecting the healthcare industry; competing products and product candidates (including biosimilar products) that may be superior to, or more cost effective than, Regeneron’s Products and Regeneron’s Product Candidates; the extent to which the results from the research and development programs conducted by Regeneron and/or its collaborators or licensees may be replicated in other studies and/or lead to advancement of product candidates to clinical trials, therapeutic applications, or regulatory approval; unanticipated expenses; the costs of developing, producing, and selling products; the ability of Regeneron to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance; the potential for any license, collaboration, or supply agreement, including Regeneron’s agreements with Sanofi and Bayer (or their respective affiliated companies, as applicable), to be cancelled or terminated; the impact of public health outbreaks, epidemics, or pandemics on Regeneron's business; and risks associated with litigation and other proceedings and government investigations relating to the Company and/or its operations (including the pending civil proceedings initiated or joined by the U.S. Department of Justice and the U.S. Attorney's Office for the District of Massachusetts), risks associated with intellectual property of other parties and pending or future litigation relating thereto (including without limitation the patent litigation and other related proceedings relating to EYLEA® (aflibercept) Injection), the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on Regeneron’s business, prospects, operating results, and financial condition. A more complete description of these and other material risks can be found in Regeneron’s filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2025. Any forward-looking statements are made based on management’s current beliefs and judgment, and the reader is cautioned not to rely on any forward-looking statements made by Regeneron. Regeneron does not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.

Regeneron uses its media and investor relations website and social media outlets to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Regeneron is routinely posted and is accessible on Regeneron's media and investor relations website (https://investor.regeneron.com) and its LinkedIn page (https://www.linkedin.com/company/regeneron-pharmaceuticals).

Contacts:
 
  
Media Relations
Ilana Yellen
Tel: +1 914-330-9618
Ilana.Yellen@regeneron.com
Investor Relations
Mark Hudson
Tel: +1 914-847-3482
Mark.Hudson@regeneron.com
  

FAQ

What did Regeneron (REGN) announce on February 19, 2026 about garetosmab?

Regeneron announced the FDA accepted the garetosmab BLA for Priority Review, with an August 2026 target action date. According to the company, the filing is supported by positive Phase 3 OPTIMA results demonstrating large reductions in new heterotopic bone lesions and lesion volume versus placebo.

How effective was garetosmab in the Phase 3 OPTIMA trial reported by Regeneron (REGN)?

Garetosmab showed a 94% and 90% reduction in new HO lesions for 3 mg/kg and 10 mg/kg doses. According to the company, a post-hoc analysis found greater than 99% reduction in mean total volume of new HO lesions versus placebo at 56 weeks.

What safety data did Regeneron (REGN) report for garetosmab in OPTIMA?

Serious treatment-emergent adverse events occurred in three garetosmab-treated patients and two placebo patients in OPTIMA. According to the company, the most common adverse reactions (≥30%) were epistaxis, increased hair growth, abscess and acne.

What does FDA Priority Review mean for Regeneron’s (REGN) garetosmab timeline?

Priority Review shortens FDA review timelines for potentially important therapies; Regeneron’s target action date is August 2026. According to the company, Priority Review follows previously granted Fast Track and Orphan Drug designations for garetosmab.

How many people worldwide are diagnosed with FOP as noted in Regeneron’s (REGN) announcement?

Regeneron reports approximately 900 people are diagnosed with FOP worldwide, with additional undiagnosed or misdiagnosed cases possible. According to the company, FOP is an ultra-rare disorder causing progressive heterotopic ossification that severely limits mobility and function.
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