{ }
Symbol INCY
Name Incyte Corporation
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country United States
State DE
City Wilmington
Zipcode 19803
Website http://www.incyte.com
Incyte Corporation's executive vice president sold 3,680 shares, reducing their ownership by 5.96%, now holding 58,042 shares valued at approximately $4.62 million. Institutional investors control 96.97% of the stock, with recent hedge fund activity indicating significant interest. UBS Group initiated coverage with a "neutral" rating and a $77 price target, suggesting an 11.30% upside.
Incyte's executive vice president now holds 30,658 shares valued at approximately $2.31 million, reflecting a 16.47% decrease in ownership. Institutional investors control 96.97% of the stock, with recent hedge fund activity including significant increases in positions by Raymond James & Associates and New York State Teachers Retirement System. UBS Group initiated coverage with a "neutral" rating and a $77 price target, suggesting an 11.30% upside.
Incyte Corporation focuses on developing therapeutic products for cancer and inflammatory diseases. Its revenue sources are primarily from product sales, accounting for 85.6%, followed by license income at 14.2%, and a minimal 0.2% from research and collaboration agreements.
Sun Pharma's shares fell over 5% to Rs 1,760.10 after a US Court issued a preliminary injunction blocking the launch of Leqselvi, a treatment for severe alopecia areata, until a favorable court decision or patent expiration. UBS noted that this does not eliminate future opportunities, while JPMorgan suggested the company might appeal or settle with Incyte, with a potential launch delayed until December 2026.
Evommune, a California biotech startup, has secured $115 million in Series C funding to advance its immune drug candidates, EVO756 and EVO301, targeting chronic immune conditions. The funding will support three Phase 2 trials, with results expected by the end of 2026. EVO756, an oral treatment for chronic skin hives, aims to be a first-in-class therapy, while EVO301 targets atopic dermatitis and shows promise in early testing.
Septerna, a GPCR-focused biotech, raised $288 million in its IPO, pricing shares at $18 each, above the initial range. The company aims to advance its lead drug candidate, SEP-786, for hypoparathyroidism, with human testing underway and data expected in 2025. This marks a significant moment in a busy period for biotech IPOs, with Septerna being the 23rd this year.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.