Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics in the United States, Europe, Canada, and Japan. The company offers JAKAFI (ruxolitinib) for the treatment of intermediate or high-risk myelofibrosis, polycythemia vera, and steroid-refractory acute graft-versus-host disease; MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab) for treating relapsed or refractory diffuse large B-cell lymphoma; PEMAZYRE (pemigatinib), a selective fibroblast growth factor receptor kinase inhibitor for the treatment of unresectable biliary tract cancer, metastatic cholangiocarcinoma, and myeloid/lymphoid neoplasms; ICLUSIG (ponatinib), a kinase inhibitor to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; ZYNYZ (retifanlimab-dlwr) to treat adults with metastatic or recurrent locally advanced Merkel cell carcinoma; and NIKTIMVO (axatilimab-csfr) for treating chronic graft-versus-host disease, as well as OPZELURA (ruxolitinib) cream for treating atopic dermatitis. Its clinical stage products include INCB123667 (CDK2) for ovarian cancer; INCB161734 (KRASG12D) for cancers; INCA33890 (TGFßR2xPD-1) for solid tumors; Ruxolitinib cream for mild to moderate hidradenitis suppurativa (HS); Povorcitinib for HS, nonsegmental vitiligo, prurigo nodularis, and asthma and chronic spontaneous urticaria; INCB000262 (MRGPRX2) and INCB000547 (MRGPRX4) for systemic immune and neuro-immune disorders; INCA034460 (anti-CD122) for vitiligo; and Zilurgisertib (ALK2) for fibrodysplasia ossificans progressive. It has collaboration with Genesis Therapeutics, Inc. The company sells its products to specialty and retail pharmacies, hospital pharmacies, and specialty distributors and wholesalers. The company was formerly known as Incyte Genomics Inc and changed its name to Incyte Corporation in March 2003. Incyte Corporation was incorporated in 1991 and is headquartered in Wilmington, Delaware.
Financial Outlook | Analysts offer mixed views, with price targets ranging from $52 to $84, reflecting uncertainty about Incyte's ability to navigate upcoming challenges |
Market Positioning | Delve into Incyte's strategy to compete in crowded markets like HS, balancing oral treatment advantages against established biologics |
Pipeline Promise | Explore Incyte's diverse pipeline, including povorcitinib for hidradenitis suppurativa and CDK2 inhibitors for cancer, aiming to offset future losses |
Patent Cliff Looms | Incyte faces a critical challenge as its flagship product Jakafi approaches patent expiration, potentially impacting $3 billion in revenue by 2028-2029 |
Metrics to compare | INCY | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipINCYPeersSector | |
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P/E Ratio | 342.5x | −0.2x | −0.5x | |
PEG Ratio | −3.66 | 0.00 | 0.00 | |
Price / Book | 3.2x | 6.1x | 2.6x | |
Price / LTM Sales | 2.6x | 0.4x | 2.9x | |
Upside (Analyst Target) | 23.9% | 204.1% | 66.2% | |
Fair Value Upside | Unlock | −3.4% | 10.3% | Unlock |