BEFORE THE BELL-Incyte rises after selling therapies to Lilly

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NEW YORK | Mon Dec 21, 2009 2:08pm GMT

NEW YORK Dec 21 (Reuters) - Shares of Incyte Corp (INCY.O) rose 5.5 percent to $8.96 in premarket trading on Monday after the company sold global rights to its oral anti-inflammatory and autoimmune therapies to Eli Lilly and Co (LLY.N) for up to $755 million.

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(Reporting by Ryan Vlastelica)

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