Incyte Corporation (Nasdaq:INCY) announced today that Hervé Hoppenot, former President of Novartis Oncology, has been named President and Chief Executive Officer of Incyte, effective immediately. Mr. Hoppenot, who also will join the Incyte Board of Directors, succeeds Paul A. Friedman, M.D. Dr. Friedman is retiring and will continue to serve on the Board.
“I have worked in close collaboration with Incyte for many years on ruxolitinib and have been very impressed with the entire team that drove the discovery, development and commercialization of this first and only FDA-approved JAK1/JAK2 inhibitor,” said Hervé Hoppenot, Incyte President and CEO. “The strong science behind Incyte’s R&D programs and the strength and diversity of the pipeline are compelling and hold much promise for making a difference in the lives of patients. I am honored to join Incyte.”About Incyte Incyte Corporation is a Wilmington, Delaware-based biopharmaceutical company focused on the discovery, development and commercialization of proprietary small molecule drugs for oncology and inflammation. For additional information on Incyte, please visit the Company’s website at www.incyte.com.