TRANSCRIPT

The auditory space is a great place for Regeneron to do work because the technologies that Regeneron has been building for years can be applied to the inner ear in a way that has not been done before. Historically, the inner ear has been limited to medical devices, so physical devices like a cochlear implant or a hearing aid, and people have not delivered biologics to the ear. And now we have the know-how, we have the technology, we have the capabilities, we know how we can deliver these, and so now is the time that we can take these technologies that have been years in the making and apply them directly to the inner ear.