Shares of US drug developer Intercept Pharmaceuticals (Nasdaq: ICPT) leapt 53% to $358.07 in after-hours trading on Monday after the company updated on several developmental compounds, notably its drug to treat liver disease, obeticholic acid (or OCA), was effective in mid-stage trials.
Analysts believe the drug, assuming it gains regulatory approval, has a multi-billion-dollar sales potential.
Obeticholic acid was tested in patients with non-alcoholic steatohepatitis (NASH), a form of liver inflammation, for which there is no approved treatment. The company said liver scarring did not worsen in 46% of NASH patients who were given the drug, compared with 21% in the placebo group.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze