IDO1 activation correlates with more extensive disease, and increased expression of IDO1 in tumor cells has been shown to be an independent prognostic factor for reduced survival in cancer patients. Evidence suggests that the IDO1 pathway is a key regulatory element responsible for induction and maintenance of tumor immune tolerance and that small molecule inhibitors of IDO1 may provide an innovative and tractable method to treat advanced malignancies either alone or in combination with chemotherapeutics or immunotherapy-based strategies.About INCB024360 INCB024360 is an orally bioavailable small molecule inhibitor of IDO1 that has nanomolar potency in both biochemical and cellular assays, potent activity in enhancing T lymphocyte, dendritic cell and natural killer cell responses in vitro, with a high degree of selectivity. INCB024360 has been shown to be efficacious in mouse models of cancer as a single agent and in combination with cytotoxic agents, and its ability to reduce tumor growth is dependent on a functional immune system – consistent with its proposed mechanism of action. The Phase I dose-escalation trial has achieved its objective in selecting a dose of INCB024360 that is generally well-tolerated and potently inhibits the target as measured using two independent pharmacodynamic markers. The first Phase II study of INCB024360, which was recently initiated, is a randomized study in combination with ipilimumab in patients with metastatic melanoma ( www.clinicaltrials.gov Identifier: NCT01604889). A Phase II trial as monotherapy in patients with ovarian cancer is expected to initiate later this year. About Incyte Incyte Corporation is a Wilmington, Delaware-based biopharmaceutical company focused on the discovery, development and commercialization of proprietary small molecule drugs for oncology and inflammation. For additional information on Incyte, please visit the Company's website at www.incyte.com. Forward-Looking Statements Except for the historical information contained herein, the matters set forth in this press release, including statements with respect to the potential efficacy, safety and therapeutic value of, and plans for, INCB024360, including that IDO1 inhibition may provide a new approach to increase survival in patients with a wide variety of solid tumors, that INCB024360 may improve patient outcomes in a variety of these tumors and represent a new treatment for advanced malignancies, that this hypothesis will be tested in upcoming Phase II trials in patients with advanced melanoma or advanced ovarian cancer, that evidence suggests that the IDO1 pathway is a key regulatory element responsible for induction and maintenance of tumor immune tolerance and that small molecule inhibitors of IDO1 may provide an innovative and tractable method to treat advanced malignancies either alone or in combination with chemotherapeutics or immunotherapy-based strategies and that a Phase II trial in patients with ovarian cancer is expected to initiate later this year, contain predictions and estimates and are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.