Incyte Corporation (Nasdaq: INCY) today announced the appointment of Jean-Jacques Bienaimé, Chief Executive Officer of BioMarin Pharmaceutical Inc., and Paul J. Clancy, Executive Vice President, Finance and Chief Financial Officer of Biogen Idec Inc., as new Directors. The appointments are effective January 20, 2015.

“The Incyte board welcomes Jean-Jacques and Paul as their extensive and relevant experience in building successful biotechnology companies promises to be of great value to Incyte,” said Richard DeSchutter, Chairman of the Incyte Board of Directors.

“The addition of these two highly qualified individuals to our board is testament to Incyte’s continued growth and success,” added Hervé Hoppenot, Incyte’s President and CEO. “I’m confident the management team will benefit from their broad industry experience and shared commitment to building significant and sustainable shareholder value. We look forward to working with them.”

Jean-Jacques Bienaimé

Mr. Bienaimé has served as CEO and a Board member of BioMarin since May 2005. From November 2002 to April 2005, Mr. Bienaimé served as Chairman, Chief Executive Officer and President of Genencor, a biotechnology company focused on industrial bioproducts and targeted cancer biotherapeutics. From 1998 to 2002, he was Chairman, President and Chief Executive Officer of SangStat Medical Corporation, another biotechnology company. Prior to joining SangStat, Mr. Bienaimé held various management positions from 1992 to 1998 with Rhône-Poulenc Rorer Pharmaceuticals (now known as Sanofi-Aventis).

Mr. Bienaimé currently serves on the board of Vital Therapies, Inc., a biotechnology company, as well as the Biotechnology Industry Organization (BIO). He received an M.B.A. from the Wharton School at the University of Pennsylvania and a degree in economics from the École Supérieure de Commerce de Paris.

Paul J. Clancy

Paul J. Clancy is Executive Vice President, Finance and Chief Financial Officer of Biogen Idec and has served in these positions since August 2007. From 2001 to 2007, Mr. Clancy held several senior executive positions with Biogen Idec and its predecessor Biogen, Inc., including Vice President of Business Planning, Portfolio Management and U.S. Marketing, and Senior Vice President of Finance. Prior to that, he spent 13 years at PepsiCo serving in a range of financial and general management positions.

Mr. Clancy serves on the board of directors of Agios Pharmaceuticals, Inc., a biopharmaceutical company. He received his B.S. in Finance from Babson College and M.B.A. from Columbia University.

About Incyte

Incyte Corporation is a Wilmington, Delaware-based biopharmaceutical company focused on the discovery, development and commercialization of proprietary small molecule drugs, primarily for oncology. For additional information on Incyte, please visit the Company’s website at www.incyte.com.

Forward-Looking Statements

Except for the historical information set forth herein, the matters set forth in this press release, including without limitation statements regarding the Company’s continued growth and success and commitment to building significant and sustainable shareholder value, contain predictions, estimates and other forward-looking statements. These forward-looking statements are based on the Company’s current expectations and subject to risks and uncertainties that may cause actual results to differ materially, including risks related to market competition, the results of and risks associated with research and development, risks and uncertainties associated with sales, marketing and distribution requirements, and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission, including its Form 10-Q for the quarter ended September 30, 2014. Incyte disclaims any intent or obligation to update these forward-looking statements.