Incyte shuffles pipeline priorities following FDA discussions
Delaware, USA-based Incyte (Nasdaq: INCY), a developer of novel therapies to address serious unmet medical need, has stopped working on the small molecule parsaclisib and the novel antibody MCLA-145.
The announcement, prompted by discussions with the US Food and Drug Administration over the regulatory pathway for parsaclisib, depressed shares in both Incyte and Innovent Biologics (HKEX: 01801), a Hong Kong-based firm which in-licensed certain Asian rights to the drug as part of a broader deal in December 2018.
Incyte is withdrawing a New Drug Application for parsaclisib in refractory follicular lymphoma, marginal zone lymphoma and mantle cell lymphoma.
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