Incyte And CMS Announce Collaboration And License Agreement For Povorcitinib, An Oral JAK1 Inhibitor, In Mainland China, Hong Kong, Macau, Taiwan And Southeast Asia
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Incyte (NASDAQ:INCY) and China Medical System Holdings Limited (CMS) have entered into a collaboration and license agreement for the development and commercialization of povorcitinib, an oral JAK1 inhibitor, in Mainland China, Hong Kong, Macau, Taiwan, and Southeast Asia. Povorcitinib is being evaluated for various autoimmune and inflammatory dermatologic diseases. Under the agreement, CMS will make an upfront payment to Incyte, with Incyte eligible for additional milestones and royalties on net sales in CMS' territory.
April 01, 2024 | 12:35 pm
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Incyte enters a significant partnership with CMS for the development and commercialization of povorcitinib in China and Southeast Asia, potentially boosting its revenue through upfront payments, milestones, and royalties.
The collaboration with CMS opens a significant market for Incyte's povorcitinib in Asia, potentially increasing its revenue through upfront payments, milestones, and royalties. The deal's focus on autoimmune and inflammatory diseases, areas with high unmet medical needs, suggests a positive outlook for the product's commercial success in these regions.
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