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Incyte's Rheumatoid Arthritis Pill Promising

Stock quotes in this article: INCY , PFE , ABT , JNJ , WYE , RIGL  

An experimental pill from Incyte(INCY Quote) reduced symptoms in rheumatoid arthritis patients, according to results from a small phase II study presented Sunday.

Incyte, a small Delaware-based drugmaker, is one of several entrants in a race to develop the first oral drug for rheumatoid arthritis (RA). The prize is a multibillion-dollar market for the company that can develop a pill that is as effective as and safer than current treatments, all of which must be given by injection.

Results from a 28-day midstage study of Incyte's experimental pill, INCB18424, were presented Sunday at the American College of Rheumatology annual meeting. ...

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