Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Incyte Corporation

  Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
  Class Action Lawsuit against Incyte Corporation

Business Wire

BENSALEM, Pa. -- March 25, 2013

Law Offices of Howard G. Smith announces that investors of Incyte Corporation
(“Incyte” or the “Company”) (NASDAQ:INCY) have until May 6, 2013 to move the
Court to serve as lead plaintiff in the securities fraud class action lawsuit
filed in the United States District Court for the District of Delaware on
behalf of a class (the “Class”) comprising all purchasers of Incyte common
stock 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 treatment of inflammation. The Complaint alleges that Incyte
issued misleading statements concerning 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.

If you are a member of the Class described above, 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, or may retain counsel of
your choice. If you wish to discuss this action or learn more 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