Incyte pulls out of blood cancer treatment deal with Syros

14 August 2023

In a Securities and Exchange Commission (SEC) filing last Friday, US oncology focused biotech Syros Pharmaceuticals (Nasdaq: SYRS) disclosed it has received notice from Incyte Corp (Nasdaq: INCY) that it was opting out of a blood cancer treatment collaboration dated January 2018, on novel therapies for myeloproliferative neoplasms.

Syros’ shares closed up 1.6% at $3.82 following the announcement, which comes just a couple of weeks after US pharma giant Pfizer (NYSE: PFE) also terminated a deal with the company.

The termination of the Incyte accord will be effective within 60 days of August 9, 2023.

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