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Stock impact report

Incyte Pauses Enrollment in Chronic Spontaneous Urticaria Study [Yahoo! Finance]

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
Company Research Source: Yahoo! Finance
Consequently, shares of Incyte were down 9% on Nov. 18 in after-market trading. Shares of Incyte have risen 5.4% year to date against the industry's 11.1% decline. Image Source: Zacks Investment Research Incyte announced that it will pause enrollment in the ongoing phase II study of MRGPRX2 in CSU due to certain in vivo preclinical toxicology findings. The data was also shared with the FDA. The company is now working closely with the FDA to determine the next steps. Additionally, data from the phase II study evaluating MRGPRX4 in cholestatic pruritus does not support further development. Meanwhile, enrollment in the other INCB000262 proof-of-concept studies is complete. Data from all studies will help support its future development and guide the potential growth of backup molecules. Incyte's lead drug, Jakafi, is a JAK1/JAK2 inhibitor approved for the treatment of polycythemia vera in adults who have had an inadequate response to or are intolerant of hydroxyurea; interm Show less Read more
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