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Healthcare - Biotechnology - NASDAQ - US
$ 75.87
-2.39 %
$ 14.6 B
Market Cap
843.0
P/E
1. INTRINSIC VALUE

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally. The company offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor to treat chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia. Its clinical stage products include ruxolitinib, a steroid-refractory chronic graft-versus-host-diseases (GVHD); itacitinib, which is in Phase II/III clinical trial to treat naive chronic GVHD; and pemigatinib for treating bladder cancer, cholangiocarcinoma, myeloproliferative syndrome, and tumor agnostic.[ Read More ]

The intrinsic value of one INCY stock under the base case scenario is HIDDEN Compared to the current market price of 75.9 USD, Incyte Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart INCY

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FINANCIALS
3.7 B REVENUE
8.87%
621 M OPERATING INCOME
7.09%
598 M NET INCOME
75.42%
496 M OPERATING CASH FLOW
-48.81%
-208 M INVESTING CASH FLOW
-164.42%
-20 M FINANCING CASH FLOW
-2423.05%
1.14 B REVENUE
9.02%
146 M OPERATING INCOME
130.61%
106 M NET INCOME
123.94%
311 M OPERATING CASH FLOW
154.01%
38.3 M INVESTING CASH FLOW
-82.10%
-32.4 M FINANCING CASH FLOW
98.38%
Balance Sheet Decomposition Incyte Corporation
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Current Assets 4.65 B
Cash & Short-Term Investments 3.66 B
Receivables 744 M
Other Current Assets 246 M
Non-Current Assets 2.14 B
Long-Term Investments 188 M
PP&E 777 M
Other Non-Current Assets 1.17 B
Current Liabilities 1.24 B
Accounts Payable 110 M
Short-Term Debt 9.12 M
Other Current Liabilities 1.12 B
Non-Current Liabilities 352 M
Long-Term Debt 29.2 M
Other Non-Current Liabilities 323 M
EFFICIENCY
Earnings Waterfall Incyte Corporation
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Revenue 3.7 B
Cost Of Revenue 255 M
Gross Profit 3.44 B
Operating Expenses 1.19 B
Operating Income 621 M
Other Expenses 22.9 M
Net Income 598 M
RATIOS
93.10% GROSS MARGIN
93.10%
16.79% OPERATING MARGIN
16.79%
16.17% NET MARGIN
16.17%
11.51% ROE
11.51%
8.81% ROA
8.81%
8.57% ROIC
8.57%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Incyte Corporation
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Net Income 598 M
Depreciation & Amortization 82.7 M
Capital Expenditures -47.5 M
Stock-Based Compensation 216 M
Change in Working Capital -249 M
Others 196 M
Free Cash Flow 449 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Incyte Corporation
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Wall Street analysts predict an average 1-year price target for INCY of $81.9 , with forecasts ranging from a low of $48 to a high of $200 .
INCY Lowest Price Target Wall Street Target
48 USD -36.73%
INCY Average Price Target Wall Street Target
81.9 USD 7.99%
INCY Highest Price Target Wall Street Target
200 USD 163.61%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Incyte Corporation
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Sold
0-3 MONTHS
880 K USD 3
3-6 MONTHS
3.58 M USD 4
6-9 MONTHS
0 USD 0
9-12 MONTHS
604 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 06, 2024
Sell 117 K USD
Flannelly Barry P
EVP & General Manager US
- 1424
82 USD
1 week ago
Nov 06, 2024
Sell 176 K USD
Flannelly Barry P
EVP & General Manager US
- 2256
78.21 USD
2 months ago
Sep 12, 2024
Sell 36 K USD
Tray Thomas
Principal Accounting Officer
- 572
62.94 USD
2 months ago
Sep 13, 2024
Sell 24.2 K USD
Tray Thomas
Principal Accounting Officer
- 382
63.37 USD
2 months ago
Sep 12, 2024
Sell 69.6 K USD
Dickinson Jonathan Elliott
EVP, General Manager, Europe
- 1117
62.3 USD
2 months ago
Sep 12, 2024
Sell 457 K USD
Dickinson Jonathan Elliott
EVP, General Manager, Europe
- 7333
62.37 USD
3 months ago
Aug 12, 2024
Sell 704 K USD
Stein Steven H
EVP & Chief Medical Officer
- 11608
60.63 USD
3 months ago
Jul 25, 2024
Sell 1.09 M USD
Iyengar Vijay K
EVP, GMAPPS
- 15571
70 USD
4 months ago
Jul 16, 2024
Sell 83.8 K USD
Flannelly Barry P
EVP & General Manager US
- 1306
64.19 USD
4 months ago
Jul 09, 2024
Sell 489 K USD
Flannelly Barry P
EVP & General Manager US
- 8148
60 USD
5 months ago
Jun 12, 2024
Sell 1.15 M USD
Flannelly Barry P
EVP & General Manager US
- 19164
60 USD
5 months ago
Jun 06, 2024
Sell 64.4 K USD
Tray Thomas
Principal Accounting Officer
- 1093
58.91 USD
10 months ago
Jan 03, 2024
Sell 482 K USD
Stein Steven H
EVP & Chief Medical Officer
- 7365
65.51 USD
10 months ago
Jan 02, 2024
Sell 42.7 K USD
Iyengar Vijay K
EVP, GMAPPS
- 657
65 USD
11 months ago
Dec 12, 2023
Sell 12 K USD
Tray Thomas
Principal Accounting Officer
- 210
57.36 USD
11 months ago
Dec 13, 2023
Sell 66.5 K USD
Tray Thomas
Principal Accounting Officer
- 1067
62.37 USD
1 year ago
Sep 01, 2023
Sell 550 K USD
SWAIN PAULA J
EVP, Human Resources
- 8449
65.13 USD
1 year ago
Aug 01, 2023
Sell 1.36 M USD
Stein Steven H
EVP & Chief Medical Officer
- 21511
63.28 USD
1 year ago
Jan 31, 2023
Sell 67.4 K USD
Pasquale Maria E
EVP & General Counsel
- 802
84.06 USD
1 year ago
Jan 30, 2023
Sell 1.09 M USD
Pasquale Maria E
EVP & General Counsel
- 12865
84.69 USD
1 year ago
Jan 30, 2023
Sell 480 K USD
Pasquale Maria E
EVP & General Counsel
- 5644
85.07 USD
1 year ago
Jan 30, 2023
Sell 1 M USD
Pasquale Maria E
EVP & General Counsel
- 11861
84.7 USD
1 year ago
Jan 30, 2023
Sell 410 K USD
Pasquale Maria E
EVP & General Counsel
- 4842
84.73 USD
1 year ago
Jan 26, 2023
Sell 595 K USD
Iyengar Vijay K
EVP, GMAPPS
- 7000
85 USD
1 year ago
Jan 26, 2023
Sell 206 K USD
Dhanak Dashyant
EVP & Chief Scientific Officer
- 2419
85 USD
1 year ago
Jan 04, 2023
Sell 2.27 M USD
Stein Steven H
EVP & Chief Medical Officer
- 28399
79.78 USD
1 year ago
Dec 23, 2022
Sell 566 K USD
Iyengar Vijay K
EVP, GMAPPS
- 7000
80.8 USD
1 year ago
Dec 23, 2022
Sell 64.9 K USD
Iyengar Vijay K
EVP, GMAPPS
- 804
80.77 USD
1 year ago
Dec 23, 2022
Sell 134 K USD
Iyengar Vijay K
EVP, GMAPPS
- 1654
80.79 USD
1 year ago
Dec 19, 2022
Sell 100 K USD
Tray Thomas
Principal Accounting Officer
- 1223
82.16 USD
2 years ago
Jul 22, 2022
Sell 130 K USD
Tray Thomas
Principal Accounting Officer
- 1564
83.13 USD
2 years ago
Jul 07, 2022
Sell 459 K USD
Iyengar Vijay K
EVP, GMAPPS
- 5787
79.38 USD
2 years ago
Jul 07, 2022
Sell 228 K USD
Flannelly Barry P
EVP & General Manager US
- 2873
79.38 USD
2 years ago
Apr 08, 2022
Sell 1.7 M USD
Flannelly Barry P
EVP & General Manager US
- 20516
83.01 USD
2 years ago
Apr 08, 2022
Sell 1.79 M USD
Flannelly Barry P
EVP & General Manager US
- 21348
84 USD
2 years ago
Apr 08, 2022
Sell 73.1 K USD
Flannelly Barry P
EVP & General Manager US
- 881
82.96 USD
2 years ago
Apr 08, 2022
Sell 104 K USD
Flannelly Barry P
EVP & General Manager US
- 1248
82.96 USD
2 years ago
Mar 10, 2022
Bought 12.9 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 175795
73.3087 USD
2 years ago
Mar 10, 2022
Bought 73.2 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 1017
71.9537 USD
2 years ago
Mar 10, 2022
Bought 1.81 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 25107
71.8973 USD
2 years ago
Mar 09, 2022
Bought 4.67 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 65147
71.721 USD
2 years ago
Mar 08, 2022
Bought 6.53 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 92385
70.675 USD
2 years ago
Mar 10, 2022
Bought 1.06 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 14490
73.3087 USD
2 years ago
Mar 10, 2022
Bought 6.04 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 84
71.9537 USD
2 years ago
Mar 08, 2022
Bought 6.04 K USD
BAKER FELIX
director:
+ 84
71.9537 USD
2 years ago
Mar 10, 2022
Bought 149 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 2070
71.8973 USD
2 years ago
Mar 09, 2022
Bought 385 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 5370
71.721 USD
2 years ago
Mar 08, 2022
Bought 538 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 7615
70.675 USD
2 years ago
Feb 22, 2022
Bought 6.28 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 92234
68.0715 USD
2 years ago
Feb 18, 2022
Bought 1.52 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 22178
68.4307 USD
2 years ago
Feb 18, 2022
Bought 6.89 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 100731
68.3672 USD
2 years ago
Feb 17, 2022
Bought 19.4 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 285672
67.7449 USD
2 years ago
Feb 17, 2022
Bought 492 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 7300
67.395 USD
2 years ago
Feb 22, 2022
Bought 515 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 7566
68.0715 USD
2 years ago
Feb 18, 2022
Bought 125 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 1827
68.4307 USD
2 years ago
Feb 18, 2022
Bought 567 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 8296
68.3672 USD
2 years ago
Feb 14, 2022
Bought 12 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 182326
66.0377 USD
2 years ago
Feb 14, 2022
Bought 21.2 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 320526
66.0164 USD
2 years ago
Feb 11, 2022
Bought 735 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 10985
66.9488 USD
2 years ago
Feb 11, 2022
Bought 17.7 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 265522
66.8129 USD
2 years ago
Feb 10, 2022
Bought 52.2 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 772751
67.5416 USD
2 years ago
Feb 10, 2022
Bought 410 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 6100
67.1965 USD
2 years ago
Feb 10, 2022
Bought 2.67 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 40164
66.5665 USD
2 years ago
Jan 31, 2022
Sell 547 K USD
Dickinson Jonathan Elliott
EVP, General Manager, Europe
- 7375
74.19 USD
2 years ago
Jan 07, 2022
Sell 797 K USD
SWAIN PAULA J
EVP, Human Resources
- 10870
73.31 USD
2 years ago
Jan 03, 2022
Sell 102 K USD
Trower Paul
Principal Accounting Officer
- 1396
73.31 USD
2 years ago
Jan 04, 2022
Sell 685 K USD
SWAIN PAULA J
EVP, Human Resources
- 9319
73.46 USD
2 years ago
Jan 04, 2022
Sell 685 K USD
SWAIN PAULA J
EVP, Human Resources
- 9319
73.46 USD
2 years ago
Dec 23, 2021
Sell 441 K USD
DIXON WENDY L
Director
- 20000
22.05 USD
2 years ago
Dec 17, 2021
Bought 14.1 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 193997
72.9095 USD
2 years ago
Dec 17, 2021
Bought 64.2 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 881875
72.7744 USD
2 years ago
Dec 16, 2021
Bought 2.14 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 29703
72 USD
2 years ago
Dec 16, 2021
Bought 10 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 139612
71.9551 USD
2 years ago
Dec 15, 2021
Bought 20.7 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 288368
71.9088 USD
2 years ago
Dec 15, 2021
Bought 382 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 5382
71.0335 USD
2 years ago
Dec 15, 2021
Bought 695 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 9893
70.2355 USD
2 years ago
Dec 15, 2021
Bought 2.54 M USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 36476
69.6266 USD
2 years ago
Dec 15, 2021
Bought 641 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 9352
68.5245 USD
2 years ago
Dec 15, 2021
Bought 58.5 K USD
BAKER BROS. ADVISORS LP
director, 10 percent owner:
+ 861
67.8982 USD
3 years ago
Oct 01, 2021
Sell 26.7 K USD
Dhanak Dashyant
EVP & Chief Scientific Officer
- 389
68.67 USD
3 years ago
Sep 01, 2021
Sell 29.8 K USD
Dhanak Dashyant
EVP & Chief Scientific Officer
- 388
76.71 USD
3 years ago
Aug 02, 2021
Sell 30.1 K USD
Dhanak Dashyant
EVP & Chief Scientific Officer
- 389
77.49 USD
3 years ago
Jul 29, 2021
Sell 384 K USD
Iyengar Vijay K
EVP GPS, BD, & Licensing
- 4911
78.29 USD
3 years ago
Jul 01, 2021
Sell 33.3 K USD
Dhanak Dashyant
EVP & Chief Scientific Officer
- 396
84.09 USD
3 years ago
Jun 29, 2021
Sell 2.32 M USD
Wenqing Yao
EVP, Head of Discovery Chem
- 27194
85.37 USD
3 years ago
Jun 29, 2021
Sell 2.32 M USD
Wenqing Yao
EVP, Head of Discovery Chem
- 27194
85.37 USD
3 years ago
Jun 10, 2021
Sell 335 K USD
Dhanak Dashyant
EVP & Chief Scientific Officer
- 3845
87 USD
3 years ago
Jun 01, 2021
Sell 33.2 K USD
Dhanak Dashyant
EVP & Chief Scientific Officer
- 395
84.13 USD
7. News
Incyte Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) WILMINGTON, Del.--(BUSINESS WIRE)--Incyte Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4). businesswire.com - 1 week ago
Hunting For Magnificent Growth Next Year? Check Out These 7 Stocks. None of our picks is Nvidia or Amazon or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth. investors.com - 1 week ago
BMRN vs. INCY: Which Stock Is the Better Value Option? Investors interested in stocks from the Medical - Biomedical and Genetics sector have probably already heard of BioMarin Pharmaceutical (BMRN) and Incyte (INCY). But which of these two companies is the best option for those looking for undervalued stocks? zacks.com - 1 week ago
Incyte: Q3 Earnings Ramping Up Growth To Jump The Patent Cliff Incyte reported strong Q3 revenue growth, mainly driven by Jakafi and Opzelura, with a 24% increase year-over-year. New product approvals, like Niktimvo, should diversify Incyte's revenue and reduce reliance on Jakafi. The EPS miss is mostly related to elevated R&D spending, which will be critical to ease investors' fears about a potential loss of revenue from Jakafi in the coming years. seekingalpha.com - 2 weeks ago
Incyte's Jakafi Demand Is Strong, Analyst Upgrades Stock On Tuesday, Incyte Corporation  INCY reported third-quarter revenue of $1.14 billion, up 24% year over year, beating the consensus of $1.08 billion. benzinga.com - 2 weeks ago
Incyte Corporation (INCY) Q3 2024 Earnings Call Transcript Incyte Corporation (NASDAQ:INCY ) Q3 2024 Results Conference Call October 29, 2024 8:00 AM ET Company Participants Ben Strain - Associate Vice President, Investor Relations Herve Hoppenot - Chief Executive Officer Pablo Cagnoni - President, Head of Research & Development Christiana Stamoulis - Chief Financial Officer Steven Stein - Chief Medical Officer Matteo Trotta - Executive Vice President, General Manager, U.S. Dermatology Barry Flannelly - General Manager, North America Conference Call Participants Michael Schmidt - Guggenheim Jessica Fye - JPMorgan Salveen Richter - Goldman Sachs Eric Schmidt - Cantor Fitzgerald Kelly Shi - Jefferies Matt Phipps - William Blair James Shin - Deutsche Bank Vikram Purohit - Morgan Stanley Derek Archila - Wells Fargo David Lebowitz - Citibank Marc Frahm - TD Cowen Brian Abrahams - RBC Capital Markets Andy Chen - Wolfe Research Jay Olson - Oppenheimer Gavin Clark-Gartner - Evercore ISI Evan Seigerman - BMO Capital Markets Tazeen Ahmad - Bank of America Srikripa Devarakonda - ­Truist Securities Ren Benjamin - JMP Securities Operator Greetings, and welcome to the Incyte Third Quarter Financial Results Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. seekingalpha.com - 2 weeks ago
Incyte Clocks Mixed Q3 Earnings, But Analyst Sees A Strong Quarter For Jakafi And Opzelura On Tuesday, Incyte Corporation  INCY reported third-quarter revenue of $1.14 billion, up 24% year over year and beating the consensus of $1.08 billion. benzinga.com - 2 weeks ago
INCY Q3 Earnings Miss Estimates, Revenues Beat on Higher Product Sales Incyte reports mixed third-quarter results as earnings miss estimates while revenues beat the same due to increased sales of Jakafi and Opzelura. zacks.com - 2 weeks ago
Here's What Key Metrics Tell Us About Incyte (INCY) Q3 Earnings The headline numbers for Incyte (INCY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago
Incyte raises 2024 sales forecast for top-selling drug Jakafi Incyte beat Wall Street estimates for third-quarter revenue and raised annual sales forecast for its top-selling drug on Tuesday, as uptake among patients remained strong. reuters.com - 2 weeks ago
Incyte (INCY) Q3 Earnings Miss Estimates Incyte (INCY) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.10 per share a year ago. zacks.com - 2 weeks ago
Incyte Named One of Top 5 Companies on Science Magazine's 2024 Top Employers List WILMINGTON, Del.--(BUSINESS WIRE)---- $INCY #SCTopEmployers--Incyte Named One of Top 5 Companies on Science Magazine's 2024 Top Employers List. businesswire.com - 3 weeks ago
8. Profile Summary

Incyte Corporation INCY

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 14.6 B
Dividend Yield 0.00%
Description Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally. The company offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor to treat chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia. Its clinical stage products include ruxolitinib, a steroid-refractory chronic graft-versus-host-diseases (GVHD); itacitinib, which is in Phase II/III clinical trial to treat naive chronic GVHD; and pemigatinib for treating bladder cancer, cholangiocarcinoma, myeloproliferative syndrome, and tumor agnostic. In addition, the company engages in developing Parsaclisib, which is in Phase II clinical trial for follicular lymphoma, marginal zone lymphoma, and mantel cell lymphoma. Additionally, it develops Retifanlimab that is in Phase II clinical trials for MSI-high endometrial cancer, merkel cell carcinoma, and anal cancer, as well as in Phase II clinical trials for patients with non-small cell lung cancer. It has collaboration agreements with Novartis International Pharmaceutical Ltd.; Eli Lilly and Company; Agenus Inc.; Calithera Biosciences, Inc; MacroGenics, Inc.; Merus N.V.; Syros Pharmaceuticals, Inc.; Innovent Biologics, Inc.; Zai Lab Limited; Cellenkos, Inc.; and Nimble Therapeutics, as well as clinical collaborations with MorphoSys AG and Xencor, Inc. to investigate the combination of tafasitamab, plamotamab, and lenalidomide in patients with relapsed or refractory diffuse large B-cell lymphoma, and relapsed or refractory follicular lymphoma. The company was incorporated in 1991 and is headquartered in Wilmington, Delaware.
Contact 1801 Augustine Cut-Off, Wilmington, DE, 19803 https://www.incyte.com
IPO Date Nov. 4, 1993
Employees 2524
Officers Dr. Steven H. Stein M.D. Executive Vice President & Chief Medical Officer Ms. Pamela M. Murphy Vice President of Investor Relations & Corporate Communications Ms. Sheila A. Denton J.D. Executive Vice President, General Counsel & Corporate Secretary Ms. Christiana Stamoulis M.B.A. Executive Vice President & Chief Financial Officer Mr. Thomas Tray Vice President of Finance, Chief Accounting Officer & Controller Dr. Pablo J. Cagnoni M.D., Ph.D. President and Head of Research & Development Mr. Ben Strain Head of Investor Relations Dr. Barry P. Flannelly M.B.A., Pharm.D. Executive Vice President & GM of North America Mr. Herve Hoppenot Chief Executive Officer & Chairman Mr. Michael James Morrissey Executive Vice President & Head of Global Technical Operations