Biopharmaceutical company Incyte may be on the verge of a significant advancement for its dermatology division. New long-term results for the investigational drug povorcitinib have demonstrated exceptional performance in treating hidradenitis suppurativa (HS), a chronic inflammatory skin condition. The data not only revealed strong efficacy but also showed meaningful pain reduction for patients. Market observers are now questioning whether this oral JAK1 inhibitor could become the company’s next major commercial success.
Strong Clinical Trial Results Drive Optimism
Recently released 24-week data from the Phase 3 clinical trials STOP-HS1 and STOP-HS2 provided compelling evidence of povorcitinib’s therapeutic benefits. Nearly 60% of treated patients achieved at least a 50% reduction in inflammatory nodules and abscesses. More impressively, up to 40% of participants demonstrated a 75% improvement, while over 20% experienced complete clearance of lesions. Perhaps most significantly for patient quality of life, 62-70% of those treated reported only mild or no pain after 24 weeks, with these beneficial effects beginning as early as the third week of treatment. The treatment maintained a consistent safety profile with previous studies, showing no serious cardiovascular adverse events.
Strategic Importance for Incyte’s Growth Strategy
This development arrives at a crucial moment for Incyte, which has faced recent setbacks with other pipeline candidates including the discontinuation of INCB000547 and clinical hold on INCB000262. The hidradenitis suppurativa market represents a substantial opportunity due to the limited treatment options currently available. The landscape is currently dominated by injectable therapies such as AbbVie’s Humira, Novartis’ Cosentyx, and UCB’s Bimzelx. An orally administered alternative like povorcitinib could potentially capture significant market share by offering greater convenience and potentially improving patient adherence to treatment regimens.
Should investors sell immediately? Or is it worth buying Incyte?
Regulatory Timeline and Additional Pipeline Catalysts
Based on these positive findings, Incyte is preparing regulatory submissions with European authorities planned for late 2025 and a U.S. filing scheduled for early 2026. Beyond povorcitinib, the company anticipates several additional regulatory milestones in the coming year. Potential approvals for Opzelura in pediatric atopic dermatitis, Monjuvi in follicular lymphoma, and Zynyz in anal cancer could all materialize in the second half of 2025. These multiple upcoming catalysts may provide additional positive momentum for the company’s shares.
The market response has already reflected growing investor confidence. Following Wednesday’s data release, Incyte shares closed higher, indicating that investors recognize povorcitinib’s potential to strengthen the company’s commercial portfolio and drive future growth.
Ad
Incyte Stock: Buy or Sell?! New Incyte Analysis from September 18 delivers the answer:
The latest Incyte figures speak for themselves: Urgent action needed for Incyte investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from September 18.
Incyte: Buy or sell? Read more here...