Delaware has offered the company $15 million in incentives to concentrate its holdings in and around Wilmington.
Hervé Hoppenot is Incyte's chief executive. The company has announced plans to move its headquarters to downtown Wilmington and expand its labs on the edge of town.Aided by $15 million in Delaware state incentives, Incyte, a fast-growing company that develops and sells cancer and anti-inflammatory drugs, is moving 400 employees from Chadds Ford, Pa., to two buildings in the former MBNA-Bank of America complex in Wilmington.and the state’s largest banks over the past 20 years.
Incyte employs 2,500 worldwide, including 800 in suburban Wilmington and 400 in Pennsylvania. It has added at least 200 employees annually in each of the past four years. The company earned $600 million in after-tax profits on sales of $3.7 billion last year.by a group of scientists including staff at DuPont’s former drug unit. Its products include drugs to fight myelofibrosis, vitiligo, rheumatoid arthritis, and cancer.
Incyte says most of its work is technical and management salaries average from $90,000 to more than $200,000 a year. “Delaware has been our home,” Hoppenot said. “We are grateful for the continued support of the state.”Hoppenot and other administrators plan to move out of the company’s four-building headquarters complex just north of Wilmington to the downtown offices and replace the original offices with research labs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wurth 400: Dover Picks, Betting Odds & Race PreviewNASCAR betting odds for Wurth 400 on April 28. NASCAR picks to win at Dover International Raceway, including favorite Kyle Larson.
Read more »
Nearby residents hoping to make 400 acres near Kodachrome Basin State Park publicA graduate of the S.I. Newhouse School of Public Communications at Syracuse University, Jenna has a degree in broadcast and digital journalism and a minor in Spanish (she's fluent!). Before heading to Utah, Jenna worked in Green Bay so she's no stranger to the cold and snow.
Read more »
AdventHealth 400: Kansas Picks, Betting Odds & Race PreviewNASCAR betting odds for AdventHealth 400 on May 5. NASCAR picks to win at Kansas Speedway, including favorites Kyle Larson and Denny Hamlin.
Read more »
Mercedes G-Class EV could get 400-mile range with new batterySilicon-anode battery, due in production from 2026, is set to boost energy density by as much as 40%
Read more »
Vehicle fatally strikes cyclist, drags him about 400 feet near Melrose Park hospital: policeMelrose Park police say a bicyclist was struck and killed near Gottlieb Hospital Tuesday.
Read more »
NASCAR Würth 400 long shots: Cup Series odds, predictions, picks at DoverLast week’s race at Talladega was an excellent opportunity to bet on longshots, and Sunday’s NASCAR race at Dover has some darkhorse value, too.
Read more »