Incyte Corp Q3 2023 Earnings Call Summary - Thomson StreetEvents

Incyte Corp Q3 2023 Earnings Call Summary

Incyte Corp Q3 2023 Earnings Call Summary - Thomson StreetEvents
Incyte Corp Q3 2023 Earnings Call Summary
Published Oct 31, 2023
16 pages (9166 words) — Published Oct 31, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of INCY.OQ earnings conference call or presentation 31-Oct-23 12:00pm GMT

  
Brief Excerpt:

...A. In the third quarter, we continued to deliver double-digit revenue growth, important successes in pricing and reimbursement and continued progress of the pipeline. B. Product and royalty revenues were $914 million in the quarter with an 11% growth year-over-year, driven by Jakafi and Opzelura. C. Jakafi net sales in the quarter were impacted by inventory variation, which Christiana will detail in her prepared remarks. D. As you see in the first 9 months, Jakafi growth continues at a rate of around 8% this year. E. The growth trajectory of Opzelura continued in the third quarter with net product revenue of $92 million driven by both new patients and refills in AD and Vitiligo. F. In the first 9 months of 2023, Opzelura revenues contributed $229 million, and we expect Opzelura to continue to be a key contributor to the growth of Incyte in the next years. G. First, as the IRA is implemented, we secured small biotech exception status for ruxolitinib. H. This has 2 impacts on Jakafi pricing...

  
Report Type:

Brief

Source:
Company:
Incyte Corp
Ticker
INCY.OQ
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Incyte Corp Q3 2023 Earnings Call Summary" Oct 31, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Incyte-Corp-Earnings-Call-B15768612>
  
APA:
Thomson StreetEvents. (2023). Incyte Corp Q3 2023 Earnings Call Summary Oct 31, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Incyte-Corp-Earnings-Call-B15768612>
  
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