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Incyte Corporation Skyrockets on Promising Trial for Jakafi

  +Follow August 21, 2013 9:20AM
Tickers Mentioned:

Pharmaceutical company Incyte Corporation (INCY) released very positive news on Aug. 21, revealing that their pancreatic cancer treatment drug ruxolitinib, marketed under the trade name Jakafi, had performed very well in Phase II trials, and that the drug could now move on to Phase III.

Incyte Executive Vice President Richard S. Levy pointed out that sufferers from advanced pancreatic cancer currently have very few options. If approved, the orally-administered drug would be one of the first on the market that exists as "an attractive treatment option" for sufferers of pancreatic cancer.

If approved by the FDA, this would be a major breakthrough. Metastatic pancreatic cancer has the lowest survival rate of any form of cancer. Currently, less than one percent of people afflicted survive more than five years.

Jakafi's ability to increase lifespan for sufferers looks very promising. In the Phase II trials, the six month survival rate for patients (when coupled with chemotherapy treatment) for Jakafi was 42 percent, compared to 11 percent for patients on a placebo.

Jakafi was first approved by the Food and Drug Administration in 2011 to treat a bone marrow disease. After its success in that arena, the company specualted that the drug might effectively treat other types of cancer as well. Now, the drug is fast aproaching approval to treat pancreatic cancer as well. Though it is currently the only drug the company has gotten passed by the USFDA. Jakafi seems to be fulfilling early analyst speculation that it could be a billion dollar blockbuster drug for the Delaware-based drug maker.

Incyte earned $54.1 million from sales of Jakafi in the second quarter of 2013, and expects to earn between $220 and $230 million total this year.

Incyte rocketed on the news, and went up 29.19 percent to hit $34.88 a share. They’re up 58.82 percent on the year.

(image courtesy of Wikimedia commons)

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Results for INCY
31 Jul 15 21:52:04
ZIOP ZIOPHARM Oncology, Inc. Stock Forum http://t.co/ukC50ksSn9 $ZIOP $INCY $MCD $QLD #ZIOP #stocks #tradeideas
31 Jul 15 21:51:38
leahanneta : V Visa Inc. E.P.S. http://t.co/yIrf4TbQB7 $V $GNCP $INCY $DXJ #V #stockmar… http://t.co/KUt7KT4xSM) http://t.co/ELmY22nKeA
IH News Desk
31 Jul 15 21:51:09
XLY Consumer Discretionary Select Sector SPDR Stock Message Board http://t.co/4Q6sF4xvxt $XLY $BLTA $INCY $PG #XLY #investing…
31 Jul 15 21:50:03
VXX iPath S&P 500 VIX Short-Term Futures ETN Ask Size http://t.co/tfp9C0f9CY $VXX $INCY $THCZ $GDXJ #VXX #stock #finance
31 Jul 15 21:50:03
XIV VelocityShares Daily Inverse VIX Short Term ETN Last Price http://t.co/LfTUE5fsyA $XIV $BLUE $INCY $CPE #XIV #finance #nasdaq
31 Jul 15 21:49:33
VRX Valeant Pharmaceuticals Intl, Inc. Ask Size http://t.co/vBOACPtOYW $VRX $LVS $GDX $INCY #VRX #nasdaq #invest
31 Jul 15 21:49:04
V Visa Inc. E.P.S. http://t.co/y5Wwqg1DQc $V $GNCP $INCY $DXJ #V #stockmarket #finance
31 Jul 15 21:46:34
QTMM Quantum Materials Corp. EOD Data http://t.co/bEC8ezkfi9 $QTMM $INCY $XLE $TNA #QTMM #pennystocks #pennystocks
31 Jul 15 21:46:33
SGYP Synergy Pharmaceuticals, Inc. Short Sales http://t.co/tX8yahwKNd $SGYP $ADM $LINE $INCY #SGYP #stockmarket #investing
31 Jul 15 21:45:11
MO Altria Group Inc. Financials http://t.co/lVkhjwgrWE $MO $GPRO $INCY $MCD #MO #share #share
31 Jul 15 21:45:07
MINE Minerco Resources Inc. Day Low http://t.co/wTCJ01DmWE $MINE $JNUG $SNFCA $INCY #MINE #pennystocks #finance
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JD http://t.co/Zj82IUAlZb, Inc. Change http://t.co/YiXZhmgAqY $JD $INCY $BAC $BABA #JD #nasdaq #pennystocks
31 Jul 15 21:41:47
IHPosts: INCY Incyte Corp. Financials http://t.co/3HGkHSN9o2 $INCY $GILD $INVN $BABA #INCY #finance #nasdaq rea… http://t.co/Z2kvWG3C1I
Investors Hangout
31 Jul 15 21:40:34
INCY Incyte Corp. Financials http://t.co/h4lyyFKYsC $INCY $GILD $INVN $BABA #INCY #finance #nasdaq
31 Jul 15 21:40:33
INCY Incyte Corp. Last Price http://t.co/1OpjvXFGuZ $INCY $HZNP $IVV $EA #INCY #stocks #tradeideas
Rosner Stocks
31 Jul 15 21:40:06
INCY Incyte Corp. Volume http://t.co/hEJVFfy39J $INCY $JUNO $JNUG $TSLA #INCY #nasdaq #stockmarket
31 Jul 15 21:40:04
INMG Innovativ Media Group, Inc. Short Sales http://t.co/hsBlSNB2Qa $INMG $INTC $INCY $UA #INMG #investing #nasdaq
IH News Desk
31 Jul 15 21:40:04
INCY Incyte Corp. E.P.S. http://t.co/Cbs8lfgQ4M $INCY $CS $BIIB $MA #INCY #investing #pennystocks
31 Jul 15 21:40:04
ICLR ICON PLC Ideas http://t.co/t4G6ZmOKix $ICLR $SPXS $AMZN $INCY #ICLR #tradeideas #tradeideas
31 Jul 15 21:40:04
INCY Incyte Corp. Quotes http://t.co/KQkA3YLRWa $INCY $XLU $ONTY $ABBV #INCY #pennystocks #stockmarket
31 Jul 15 21:40:04
INCY Incyte Corp. Yield http://t.co/NuUeMbx8d2 $INCY $KYTH $ZIOP $HJOE #INCY #pennystocks #stocks
31 Jul 15 21:39:35
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31 Jul 15 21:39:34
IDGC IDGlobal Corp. News http://t.co/PpDFXNBd3J $IDGC $KBE $VRX $INCY #IDGC #pennystocks #stock
Lucky Jimmy
31 Jul 15 21:39:33
INCY Incyte Corp. Exchange http://t.co/nteR3iSJll $INCY $SKX $SGYP $AMZN #INCY #share #stock
31 Jul 15 21:39:10
HTH Hilltop Holdings Inc. Ask Size http://t.co/EjsC6LZgmn $HTH $COLM $COLM $INCY #HTH #investing #stocks
31 Jul 15 21:39:07
GLD SPDR Gold Trust Shares Chart http://t.co/Lf4mu3JDaY $GLD $WMT $INCY $VZ #GLD #pennystocks #stocks
31 Jul 15 21:37:04
EWW Mexico iShares Tick http://t.co/44DsuajwSA $EWW $XLE $INCY $GLD #EWW #investing #invest
Rosner Stocks
31 Jul 15 21:36:12
CVS CVS Health Corp. Last Trade http://t.co/j0STkGS3x5 $CVS $CTLE $INCY $UVE #CVS #invest #stock
Stock Forums
31 Jul 15 21:36:10
EA Electronic Arts, Inc. Market Cap http://t.co/yOmWBksbrt $EA $INCY $ADM $AIG #EA #nasdaq #stock
31 Jul 15 21:36:07
DNRG Dominovas Energy Corp. E.P.S. http://t.co/99G5fVISmR $DNRG $INCY $AVGO $BAC #DNRG #stock #pennystocks
Investors Hangout
31 Jul 15 21:35:05
CTLE Nano Labs, Corp. Stock Message Board http://t.co/vcb4om8zXY $CTLE $KITE $C $INCY #CTLE #stocks #investing
Rosner Stocks
31 Jul 15 21:33:14
ARIA ARIAD Pharmaceuticals, Inc. Filings http://t.co/L2GCz16mht $ARIA $DLR.TO $TIP $INCY #ARIA #stocks #tradeideas
31 Jul 15 21:33:11
BIIB Biogen Inc. 52Wk Low http://t.co/3Eg6gYT5rr $BIIB $BEAT $INCY $COST #BIIB #stock #stock
31 Jul 15 21:33:08
AVXL Anavex Life Sciences Corp. Ask Size http://t.co/Tby7DPjmYx $AVXL $XOM $INCY $YINN #AVXL #finance #tradeideas
Investors Hangout
31 Jul 15 21:31:33
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Capital Market Labs
31 Jul 15 17:46:40
Website -> http://t.co/AxMPZBRsey $INCY Reports Tuesday, Consensus Est. Rev: $151.712M, EPS: $-0.12 http://t.co/ghLZY1MHKw
31 Jul 15 15:31:19
$INCY releasing Earnings on 8/4 Before Open (Confirmed). Anybody buying/selling in Earnings? http://t.co/B88WowqTqq
Capital Market Labs
31 Jul 15 14:46:20
Interactive Chart -> http://t.co/fPjs4FAorm $INCY Assets are Expanding. http://t.co/7FHgO6F72D
Market Int Center
31 Jul 15 12:48:33
Incyte $INCY Showing Support Near $97.91 ( http://t.co/HwxsoVQw1P )
31 Jul 15 10:57:02
RT @JacobPlieth: $RHHBY IDO inhibitor phase I studies $NLNK $INCY http://t.co/wsgaGwle6E
31 Jul 15 08:15:34
RT @dougheuringaria: $GLPG $INCY http://t.co/ipf4TJnKl8
31 Jul 15 08:08:35
@zzztimbo $INCY is reporting earnings for Q2 2015 on 08/04/15 – http://t.co/jmJjxnNNod
31 Jul 15 08:08:34
@strategydesk $INCY is reporting earnings for Q2 2015 on 08/04/15 – http://t.co/jmJjxnNNod
31 Jul 15 08:08:30
@macol30 $INCY is reporting earnings for Q2 2015 on 08/04/15 – http://t.co/jmJjxnNNod
investor wired
31 Jul 15 07:16:02
Top Earnings per Share Stocks: $AVGO $NOG $UA $INCY http://t.co/iJIA51PuSA
31 Jul 15 07:09:06
31 Jul 15 05:06:34
RT @dougheuringaria: $GLPG $INCY http://t.co/ipf4TJnKl8
Biotech Radar
31 Jul 15 04:13:12
RT @dougheuringaria: $GLPG $INCY http://t.co/ipf4TJnKl8
  +Follow August 21, 2013 9:20AM



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