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0.00327191836164676 -0.000418965156064537 -0.00505750795535019 -0.00181551567627961 -0.000967610003291811 -0.000568595568944728 0.00392031681746088 0.00855885961674668
Stock impact report

Incyte’s Bile Duct Cancer Drug Wins FDA Approval [Yahoo! Finance News]

Incyte Corporation (INCY) 
Last incyte corporation earnings: 2/13 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: incyte.com/ir/investor-overview.aspx
Incyte INCYPemazyre is the first and only FDA-approved treatment for this indication, which was approved under accelerated approval based on overall response rate and duration of response DOR).“INCY shares have rallied of late, and we maintain a Neutral rating and $79 PT based on our view that meaningful catalysts for the shares are unlikely until 2021” commented Mizuho Securities’Mara GoldsteinThe analyst added that “the combination of low-risk revenue stream in JAKAFI and solid cash position is likely leading investors to view shares as a relative safe haven in the current market environment.”She believes that Pemazyre has a U.S. & E.U. market opportunity of approximately $800 million, and notes that the drug enjoys a best-in-class safety profile.According to Goldstein, the approval “is incrementally positive for shares, and we see this as a first step in the pursuit of more meaningful commercial opportunities such as urothelial cancer we estimate a U.S. and E.U. addressable market Show less Read more
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