BRIEF—Incyte eyeing acquisition of Star Therapeutics

8 June 2026

US biotech Incyte Pharma is nearing a deal for up to $2 billion to buy privately held blood disorder drug developer Star Therapeutics amid a wave of acquisitions by midsized drugmakers looking to supplement their pipelines, according to a Financial Times report.

Incyte is set to pay $1.25 billion upfront in cash to Star’s venture capital backers and a further $750 million based on certain performance milestones being met, according to people familiar with the matter, the FT noted.

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