Pharmaceutical Industry News Roundup: Pipeline Changes, Clinical Trials, and Acquisitions
Incyte Corporation has announced a significant restructuring of its research and development pipeline, discontinuing three drug prospects to focus on what CEO Bill Meury calls "high-value programs." The company has halted development of povorcitinib for chronic urticarias, as well as two other compounds, INCA034460 for vitiligo and INCB57643 for myelofibrosis. This strategic shift comes as Incyte prepares for the expiration of the main patent protecting its top-selling drug, Jakafi, later this decade.