Intercept's latest NASH setback to be the last
Nobody can say that US biopharma Intercept Pharmaceuticals (Nasdaq: ICPT) has not done all it can to reach market with a long-awaited treatment for non-alcoholic steatohepatitis (NASH).
But the company’s latest setback has led management to accept that it is finally the end of the road, with a restructuring and new focus away from NASH announced on Friday.
"We are taking decisive actions that we believe will improve our ability to drive long-term growth and maintain leadership with our PBC business"This follows this week’s US Food and Drug Administration (FDA) fresh rejection of obeticholic acid (OCA) in pre-cirrhotic liver fibrosis due to NASH.
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