Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Incyte Corporation

  Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Incyte
  Corporation

Business Wire

BENSALEM, Pa. -- March 13, 2013

The Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed in the United States District Court for the Delaware District Court
on behalf of all purchasers of the common stock of Incyte Corporation
(“Incyte” or the “Company”) (NASDAQ:INCY) between April 26, 2012 and August 1,
2012, inclusive (the “Class Period”).

Incyte, a biopharmaceutical company, focuses on the discovery, development,
and commercialization of proprietary small molecule drugs for oncology and
inflammation. The complaint alleges that Incyte misled investors with false
reports of strong demand for the Company’s myelofibrosis drug, Jakafi.

On August 2, 2012, Incyte announced the Company’s second quarter 2012
financial results and disclosed that the sales growth of Jakafi had been much
softer during the second quarter of 2012 than investors and certain stock
analysts had been led to expect. In response to these disclosures, the price
of Incyte stock declined 22% from its August 1, 2012 close of $24.92 per share
to close at $19.57 per share on August 2, 2012, on heavy trading volume.

No class has yet been certified in this action. Until a class is certified,
you are not represented by counsel unless you retain one. If you purchased
Incyte common stock during the Class Period, you have certain rights, and have
until May 6, 2013 to move for lead plaintiff status. To be a member of the
class you need not take any action at this time, and you may retain counsel of
your choice. If you wish to discuss this action or have any questions
concerning your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com