Item 1.

(a)  Incyte Corp

(b) 	Route 141 & Henry Clay Rd
      Building E336, Wilmington, Delaware 19880

Item 2.

(a) Platinum Asset Management Limited

(b)  Level 4, 55 Harrington St
Sydney NSW 2000
Australia
(c) Australia
(d) Common Stock
(e) 45337C102

Item 3.
N/A

Item 4.

(a) 8,519,030
(b) 10.2%
(c) (i) 8,519,030
(ii) 0
(iii) 8,519,030
(iv) 0

Item 5
No

Item 6
No

Item 7
N/A

Item 8
N/A

Item 9
N/A



Item 10
(a) N/A
(b) By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.



After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set forth in this statement is true, complete and correct.