"I am highly confident that at the end of the day, when all the cards are on the table, we will be, not only the JAK1 and 2 inhibitor that is two to three years ahead of any potential competition, but that we have the best compound."
-- Paul Friedman, President and CEO of Incyte
Them's fighting words. Then again, with data like this, management is allowed a long-winded strut.
Without a question, Incyte's compound, INCB18424, works in myelofibrosis. The drug helped 42% of patients reduce the size of their spleen by at least 35% compared to less than 1% of patients taking placebo. There's a 0.01% chance that happened by chance alone.
Now that it has positive phase 3 results, it's time to get a brand name for the thing; INCB18424 just isn't that catchy.
Incyte plans to apply for Food and Drug Administration approval in the second quarter of next year. Its ex-U.S. marketing partner, Novartis
What are the other compounds that Friedman isn't worried about? YM BioSciences'
There's no doubt Incyte is further ahead than the competition. It remains to be seen whether INCB18424 turns out to be better than the rest.
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