Registration Statement Declared Effective For The Resale Of Incyte Corporation's 3½% Convertible Senior Notes Originally Issued In September 2006

WILMINGTON, Del.--(BUSINESS WIRE)--Incyte Corporation (Nasdaq:INCY) today announced that the Securities and Exchange Commission has declared effective its registration statement on Form S-3 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. 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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