Incyte Tosses IO Candidates To Focus On High-Value Pipeline Assets

The drug maker’s next-generation JAK1 inhibitor povorcitinib has an addressable market potentially worth more than $3bn if it wins approval in hidradenitis suppurativa and vitiligo.

Incyte shuffled its pipeline in Q2, discontinuing several IO programs • Source: Shutterstock

Incyte Corporation is jettisoning a suite of immunotherapy programs to focus on more high-value assets in its pipeline, particularly as its flagship drug Jakafi (ruxolitinib) gets closer to losing market exclusivity. The pipeline shake-up includes a number of immuno-oncology drug candidates.

The Wilmington, DE-based drug maker reported its second quarter earnings on 30 July, posting $1bn in revenue that represented 9% growth year over year. Revenue from Jakafi – used to...

Key Takeaways
  • Incyte’s second quarter earnings included better-than-expected sales for Jakafi and Opzelura.

  • The company reshuffled its pipeline, discontinuing several immuno-oncology assets targeting PD-L1, LAG-3...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Earnings

More from Business