Incyte Corp
INCY: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Rs | LOCK|@c | LOCK|t$ZC$# |
Incyte Earnings: Focus on Streamlining Pipeline as Jakafi Patent Expiration Approaches
Incyte reported $1.37 billion in third-quarter revenue, a 20% increase from the prior-year period. Management raised its revenue guidance by 1.2% at the midpoint for its leading hematology drug, Jakafi. New CEO Bill Meury outlined plans to streamline Incyte's pipeline and costs.
