Incyte (INCY) Overvalued, Thinks Goldman Sachs
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Incyte (INCY) Price Target Raised to $38 at Brean
August 21, 2013 2:33 PM EDTBrean Capital today maintained a Buy rating on Incyte (NASDAQ: INCY) and raised its price target of $38.00 (from $27.00). The change follows "impressive" pancreatic cancer data.
"We are highly encouraged by these data and expect the company to swiftly come to an agreeable... More
Incyte (INCY) Higher After Phase II Proof-of-Concept Trial of Ruxolitinib Results
August 21, 2013 7:41 AM EDTIncyte Corporation (Nasdaq: INCY) announced top-line results of the Phase II, randomized, double-blind, placebo-controlled RECAP trial of ruxolitinib, its oral JAK1 and JAK2 inhibitor, in combination with capecitabine in patients with recurrent or treatment refractory metastatic pancreatic cancer. The hazard ratio (HR) for overall survival (OS) in the intent to treat population was 0.79 (one-sided p=0.12), and in a pre-specified subgroup analysis conducted in patients identified prospectively as most likely to benefit from JAK pathway inhibition, the HR for OS was 0.47 (one-sided p=0.005). Within this subgroup of patients, which represented 50% of the randomized population, 6 month... More
