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Unhappy New Year For Incyte With Itacitinib Flop

JAK1 Inhibitor Fails In Steroid-Naiïve Acute GVHD

Executive Summary

Incyte's hopes of reducing its reliance on Jakafi have suffered a blow after a Phase III trial of itacitinib failed. The stock has slumped and analysts are raising concerns about the company's ability to generate value from its hefty R&D investments.

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