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Incyte to receive $60 million upfront and up to $331.5 million if development and regulatory milestones are reached
December 28, 2018
By: Tim Wright
Editor-in-Chief, Contract Pharma
Innovent Biologics and Incyte have entered into a strategic collaboration agreement for three clinical-stage product candidates discovered and developed by Incyte—pemigatinib (FGFR1/2/3 inhibitor), itacitinib (JAK1 inhibitor) and parsaclisib (PI3Kδ inhibitor). Innovent will pay Incyte $40 million in cash up front, and Incyte shall be eligible to receive an additional $20 million in consideration in connection with the first investigational new drug (IND) application by Innovent in China, whi...
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