Cramer: Regeneron's COVID-19 Drug Is the 'Missing Ingredient'

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3:30

Can investors still make pandemic plays?

Jim Cramer discusses his thoughts on Regeneron  (REGN ) - Get Reportand American Eagle  (AEO) - Get Report.

Regeneron's COVID-19 cocktail shows promise as a preventative treatment.

The company's Phase 3 trial gave the drug to "recently infected" people who were asymptomatic.

"Regen-COV reduced the overall risk of progressing to symptomatic COVID-19 by 31% (primary endpoint), and by 76% after the third day," Regeneron said in a statement.

Regeneron said it will ask the U.S. Food and Drug Administration to expand the drug's authorization among people exposed to the virus who haven't yet been vaccinated. and American Eagle  (AEO) - Get Report.

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