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flag Mitsubishi UFJ increased its stake in Incyte, despite the biopharm's recent earnings miss.

flag Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in biopharmaceutical company Incyte Corp. by purchasing 13,026 shares, now holding 248,875 shares valued at $17.33 million. flag Despite missing earnings expectations, with a reported EPS of $1.09 compared to estimates of $1.57, Incyte's stock has a "Hold" rating and a target price of $74.88. flag The company focuses on developing therapeutics for hematology/oncology and inflammation.

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