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Incyte Genomics Inc - INCY STOCK NEWS

Welcome to our dedicated page for Incyte Genomics news (Ticker: INCY), a resource for investors and traders seeking the latest updates and insights on Incyte Genomics stock.

Incyte Genomics Inc. (Symbol: INCY) is a leading biopharmaceutical company dedicated to the discovery, development, and commercialization of proprietary therapeutics, with a primary focus on oncology. Headquartered in Wilmington, Delaware, Incyte employs over 625 professionals across its management, discovery, clinical development, and commercial teams.

The company’s flagship product, Jakafi, is a groundbreaking treatment for rare blood cancers and graft versus host disease, developed in partnership with Novartis. Incyte has also made significant strides with its other marketed drugs, including Olumiant for rheumatoid arthritis (licensed to Eli Lilly), Iclusig for chronic myeloid leukemia, Pemazyre for cholangiocarcinoma, Tabrecta for lung cancer, and Monjuvi for diffuse large B-cell lymphoma. Additionally, Incyte's first dermatology product, Opzelura, received approval in 2021 for atopic dermatitis and in 2022 for vitiligo.

Incyte’s pipeline includes a wide array of innovative oncology and dermatology programs, demonstrating their commitment to addressing serious unmet medical needs. The company's strategic collaborations with major pharmaceutical firms further support the clinical development and global commercialization of its compounds.

Incyte’s financial health and robust portfolio position it strongly to continue improving patient lives while building sustainable value for its shareholders. For the latest updates on Incyte’s projects and developments, visit their corporate website at www.incyte.com.

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MorphoSys US Inc. and Incyte announced new three-year follow-up data from the Phase 2 L-MIND study of tafasitamab in combination with lenalidomide for patients with relapsed or refractory diffuse large B-cell lymphoma (DLBCL).

The study included 80 patients and showed an overall response rate (ORR) of 57.5% and a complete response (CR) rate of 40%. The median duration of response (DoR) was 43.9 months with median overall survival (OS) at 33.5 months.

Results were presented at the 2021 ASCO Annual Meeting and indicate potential long-term disease control for difficult-to-treat DLBCL patients.

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Incyte and MorphoSys US Inc. announced new three-year follow-up data from the Phase 2 L-MIND study of tafasitamab (Monjuvi) combined with lenalidomide for patients with relapsed or refractory diffuse large B-cell lymphoma (DLBCL). Of 81 patients, 80 were evaluated, showing an overall response rate of 57.5% and a complete response rate of 40%. Median progression-free survival was 11.6 months, and overall survival was 33.5 months. Tafasitamab was FDA-approved in July 2020 for DLBCL patients not eligible for autologous stem cell transplant, demonstrating significant long-term efficacy.

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Eli Lilly and Incyte presented data at the EULAR Congress indicating that OLUMIANT® (baricitinib) 4 mg significantly reduced pain and morning joint stiffness while enhancing physical function at 12 weeks in moderate to severe rheumatoid arthritis patients compared to HUMIRA® (adalimumab) and placebo. The analysis, based on the Phase 3 RA-BEAM study with 1,305 participants, highlighted improved patient-reported outcomes and consistent safety results. OLUMIANT is approved in over 75 countries for RA treatment and recently received approval in Japan for COVID-19 pneumonia.

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Incyte announced its participation in several investor conferences throughout June 2021. Key events include the William Blair 41st Annual Growth Stock Conference on June 3, the BioPharma Sustainability Roundtable’s CEO Investor Forum on June 7, the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, and Guggenheim’s series on June 28. These presentations will be available for live webcast and replay at Investor.Incyte.com.

Incyte is a biopharmaceutical company focused on addressing unmet medical needs through innovative therapeutics.

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Incyte (Nasdaq: INCY) announced multiple abstracts showcasing data from its oncology portfolio to be presented at the 2021 ASCO Annual Meeting held from June 4-8, 2021. Key highlights include three-year data from the L-MIND study of tafasitamab and results from the OPTIC study of ponatinib. Key abstracts cover various studies including the use of ponatinib in leukemia, tafasitamab for lymphoma, and capmatinib for non-small cell lung cancer. The company remains committed to addressing serious medical needs through innovative therapies.

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Incyte announced positive topline results from its pivotal Phase 3 TRuE-V clinical trial program for ruxolitinib cream in patients with vitiligo. Both TRuE-V1 and TRuE-V2 studies met the primary endpoint, showing a significant improvement in facial vitiligo scoring (p<0.0001) with 1.5% ruxolitinib cream applied twice daily. Secondary endpoints also showed favorable patient outcomes. The company plans to submit marketing applications to the FDA and EMA in H2 2021. Ruxolitinib cream could become the first approved treatment for vitiligo, addressing a significant unmet medical need.

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Incyte (Nasdaq:INCY) announced that its oncology portfolio data will be presented at the EHA 2021 Virtual Congress from June 9-17, 2021. Highlights include the first presentation of Phase 2 study data for parsaclisib in autoimmune hemolytic anemia and real-world data on ruxolitinib. Key abstracts cover studies on ponatinib, ruxolitinib, and combination trials with parsaclisib, emphasizing Incyte's commitment to addressing significant unmet medical needs in oncology.

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Incyte and MorphoSys have commenced the pivotal Phase 3 frontMIND trial, dosing the first patient to evaluate a combination treatment of tafasitamab and lenalidomide with R-CHOP for high-risk diffuse large B-cell lymphoma (DLBCL) patients. DLBCL affects about 30,000 individuals annually in the U.S., with a significant unmet need as current treatments yield poor outcomes for high-risk groups. The study aims to enroll 880 patients, focusing on progression-free survival and overall response rates. These efforts follow encouraging preliminary results from previous trials.

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Incyte reports Q1 2021 financial results and a positive outlook despite softer demand for Jakafi due to COVID-19. CEO Hervé Hoppenot highlighted a return to pre-pandemic patient levels and potential launches for new treatments, including ruxolitinib for chronic GVHD and ongoing trials for tafasitamab. The FDA has accepted the sNDA for ruxolitinib in GVHD with a PDUFA date of June 22, 2021. Incyte anticipates multiple regulatory approvals and trial initiations this year, reinforcing its growth strategy.

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Incyte announced the presentation of multiple abstracts on ruxolitinib cream at the Society for Investigative Dermatology Virtual Meeting 2021. The cream, a JAK1/JAK2 inhibitor, targets atopic dermatitis (AD), impacting patient quality of life. Key abstracts include studies on the cream's efficacy in reducing skin pain, achieving an itch-free state, and treating patients with atopic comorbidities. Ruxolitinib cream is in Phase 3 development for AD and vitiligo, with worldwide rights retained by Incyte. Presentations are available on-demand until May 31, 2021.

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FAQ

What is the current stock price of Incyte Genomics (INCY)?

The current stock price of Incyte Genomics (INCY) is $70.39 as of November 21, 2024.

What is the market cap of Incyte Genomics (INCY)?

The market cap of Incyte Genomics (INCY) is approximately 13.5B.

What is Incyte Genomics Inc. known for?

Incyte Genomics Inc. is known for its development and commercialization of proprietary therapeutics, primarily focused on oncology and dermatology.

Where is Incyte Genomics Inc. headquartered?

Incyte Genomics Inc. is headquartered in Wilmington, Delaware.

What is Jakafi?

Jakafi is Incyte's lead drug, used to treat rare blood cancers and graft versus host disease, in collaboration with Novartis.

Which drugs has Incyte marketed?

Incyte has marketed drugs including Olumiant for rheumatoid arthritis, Iclusig for chronic myeloid leukemia, Pemazyre for cholangiocarcinoma, Tabrecta for lung cancer, and Monjuvi for diffuse large B-cell lymphoma.

What is Opzelura used for?

Opzelura is Incyte’s first dermatology product, approved for atopic dermatitis in 2021 and for vitiligo in 2022.

Does Incyte collaborate with other pharmaceutical companies?

Yes, Incyte has established multiple collaborations with major pharmaceutical companies to support the clinical development and global commercialization of its compounds.

How many employees work at Incyte?

Incyte employs over 625 professionals.

What is Incyte's vision?

Incyte's vision is to become a leader in the development and delivery of novel drugs for serious unmet medical needs.

How can I get more information about Incyte?

More information about Incyte can be found on their corporate website at www.incyte.com.

What areas does Incyte's pipeline cover?

Incyte's pipeline includes a broad array of oncology and dermatology programs.

Incyte Genomics Inc

Nasdaq:INCY

INCY Rankings

INCY Stock Data

13.54B
188.30M
2.04%
97.86%
3.85%
Biotechnology
Services-commercial Physical & Biological Research
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United States of America
WILMINGTON