Resubmission of baricitinib NDA further delayed

25 July 2017

Shares of Incyte Corp (Nasdaq: INCY) were down as much as 5.19% at $138.27 in pre-market trading after, along with partner pharma major Eli Lilly (NYSE: LLY), it announced a further delay in US approval of their rheumatoid arthritis drug candidate baricitinib. Lilly’s shares were down 1%.

Following receipt of a Complete Response Latter in April this year rejecting approval of the drug, the companies this morning announced that a resubmission to the US Food and Drug Administration for the New Drug Application (NDA) for baricitinib, a once-daily oral medication for the treatment of moderate-to-severe rheumatoid arthritis (RA), will be delayed beyond 2017.

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