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Leerink's Porges says Incyte back on Gilead's target list after momelotinib disappoints

Published 11/17/2016, 08:35 AM
Leerink's Porges says Incyte back on Gilead's target list after momelotinib disappoints
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  • Leerink Partners analyst Geoffrey Porges believes Incyte (NASDAQ:INCY) is, again, on Gilead Sciences' (NASDAQ:GILD) short list of acquisition targets after momelotinib failed to beat Jakafi in a late-stage study. Gilead is widely known to be looking for an acquisition to boost growth.
  • Mr. Porges says the combined company would still overlap in filgotinib and baricitinib but Incyte's passive role in the development and commercialization of baricitinib should not affect filgotinib's prospects very much.
  • INCY is up 5% premarket.


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