Max Nisen, Columnist

Incyte Is Smart to Date Around

It's leveraging a competitive market to get the most for its IO drug.
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When it comes to cancer drugs, monogamy is overrated.

Incyte Corp. recently announced an expanded collaboration with Merck & Co. on late-stage studies of combinations of immune-oncology (IO) drugs, which use a patient's immune system to fight cancer. Two days later, Incyte said it would also run similar late-stage trials with Merck's bitter IO rival Bristol-Myers Squibb Co. It already had earlier-stage trials ongoing with similar medicines from Roche Holding AG and AstraZeneca PLC.