Incyte

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Pharma

EU recommendation triggers $40M milestone payment for bone marrow disease drug

A European Union regulatory committee’s recommendation to approve a drug developed by Incyte (NASDAQ:INCY) to treat the bone marrow disease myelofibrosis has triggered a $40 million milestone payment from Novartis (NYSE:NVS). The recommendation was made for Jakavi (ruxolitinib) by the European Medicines Agency’ Committee for Medicinal Products for Human Use. The EU regulatory body usually […]