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Incyte and Indaptus Announce Key Milestones and Strategic Goals for 2025

• Incyte anticipates a transformational 2025 with multiple potential drug launches and pivotal trial readouts across its oncology and inflammation & autoimmunity portfolio. • Indaptus Therapeutics plans to launch a combination cohort trial of Decoy20 with BeiGene's tislelizumab and expand clinical trial sites in the first half of 2025. • Indaptus' Decoy20 demonstrated a broad immune response across multiple tumor types, showing potential as a monotherapy and in combination with checkpoint inhibitors.

Incyte and Indaptus Therapeutics have both announced ambitious plans for 2025, highlighting upcoming milestones in their respective clinical development programs. These announcements signal a potentially transformative year for both companies as they aim to address unmet needs in oncology and inflammation & autoimmunity.

Incyte's 2025 Catalysts

Incyte (Nasdaq: INCY) outlined its expectations for significant commercial growth and clinical progress in 2025 during a presentation at the 43rd Annual J.P. Morgan Healthcare Conference. Hervé Hoppenot, Chief Executive Officer of Incyte, stated that 2025 would be a "transformational year" for the company and for the patients it serves. Incyte anticipates multiple significant milestones, including four potential launches, four pivotal trial readouts, seven proof-of-concept data readouts, and at least three Phase 3 study initiations.
The company is well-positioned for long-term growth, with the potential to deliver more than 10 high-impact launches across its portfolio by 2030. Key highlights from the presentation included:
  • The launch of Niktimvo™ (axatilimab-csfr) for patients with chronic graft-versus-host disease (GVHD).
  • Near-term opportunities for tafasitamab (Monjuvi®) following positive results from the Phase 3 inMIND trial in patients with relapsed/refractory follicular lymphoma (FL), as well as anticipated data evaluating tafasitamab in first-line diffuse large B-cell lymphoma (DLBCL).
  • The potential of povorcitinib (INCB54707), an investigational oral JAK1 inhibitor, to establish best-in-class efficacy across numerous indications with high unmet needs, including hidradenitis suppurativa (HS).
  • Incyte’s mCALR-targeting molecule (INCA33989) and its potential to be a first-in-class targeted therapy for mCALR-positive myelofibrosis (MF) and essential thrombocythemia (ET) patients.
  • The development path for Incyte’s CDK2 inhibitor (INCB123667) and its potential to become a foundational treatment for patients with ovarian cancer.

Indaptus Therapeutics' 2025 Outlook

Indaptus Therapeutics, Inc. (Nasdaq: INDP) also provided a year-end review and outlook for 2025, highlighting accomplishments in 2024 and outlining strategic goals for the year ahead. A key focus for Indaptus is advancing its lead clinical candidate, Decoy20, a novel immunotherapy designed to harness both innate and adaptive immune responses.
In October 2024, Indaptus announced a clinical supply agreement with BeiGene to evaluate Decoy20 in combination with their PD-1 checkpoint inhibitor, tislelizumab. Pre-clinical animal models have demonstrated significant anti-tumor synergy between Decoy20 and PD-1 checkpoint inhibitors.
Jeffrey Meckler, CEO of Indaptus Therapeutics, stated, "As we enter 2025, we remain committed to advancing Decoy20 through clinical trials and exploring its combination potential with BeiGene’s tislelizumab. We are excited about the progress we made in 2024 and optimistic about the transformative potential of our platform to address some of the most challenging cancers."
Indaptus anticipates achieving the following milestones in the first half of 2025:
  • Launch of a combination cohort evaluating Decoy20 in conjunction with tislelizumab.
  • Expansion of clinical sites to enable broader patient enrollment.
  • An update on patients treated in the higher dose expansion cohort, providing insights into safety and immune activation.
  • Dosing the first patients in the combination cohort.

Decoy20's Clinical Progress

Indaptus reported meaningful progress in its Phase 1 clinical trial of Decoy20. The second cohort results (March 2024) demonstrated a broad immune response across multiple tumor types, underscoring the platform’s potential as a monotherapy. Furthermore, the initiation of the weekly-dose cohort (May 2024) and the higher dose expansion (September 2024) have allowed for further evaluation of Decoy20’s safety and efficacy.
Decoy20's potential has been showcased through presentations at major industry conferences, including the AACR Annual Meeting and the ASCO Annual Meeting. These presentations highlighted Decoy20's ability to activate multiple innate and adaptive immune cell types and shared promising preliminary results, including immune marker activation in patients with advanced solid tumors following a single dose of Decoy20.
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