Incyte Corporation Announces Filing Of Registration Statement For Resale Of 3 1/2% Convertible Senior Notes Due 2011

WILMINGTON, Del.--(BUSINESS WIRE)--Incyte Corporation (Nasdaq:INCY) today announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission relating to the resale of $151.8 million principal amount of its 3½% Convertible Senior Notes due 2011 and the shares of its common stock issuable upon conversion of the notes. The notes were originally issued in a private placement in September 2006, and the registration statement is being filed in compliance with the requirements of a Registration Rights Agreement between the Company and the original purchaser of the notes. Incyte will not receive any proceeds from any resale by the selling securityholders of the notes or the shares of common stock issuable upon conversion of the notes.

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