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surf1944

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surf1944

Re: surf1944 post# 142

Thursday, 11/15/2012 9:37:19 AM

Thursday, November 15, 2012 9:37:19 AM

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8:01AM Incyte achieves $50 mln milestone as Oral JAK1/JAK2 inhibitor Baricitinib advances into Phase III development for rheumatoid arthritis (INCY) 16.63 : Co announces it has earned a $50 mln milestone payment from Eli Lilly (LLY) based on the formal initiation of the rheumatoid arthritis Phase III program for baricitinib, Incyte's oral JAK1/JAK2 inhibitor, formerly known as INCB28050. The Phase III program is being conducted by Lilly as part of the exclusive worldwide License, Development and Commercialization Agreement for baricitinib.

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