Intercept Pharmaceuticals (ICPT) said Tuesday that an experimental medicine to treat the fatty liver disease known as NASH achieved its primary goal in a Phase 3 clinical trial, giving it a shot at becoming the first drug to treat the condition and turning it into a potential blockbuster commercial opportunity.
Based on the data collected from the clinical trial, Intercept said it would file marketing applications for the treatment in the U.S. and Europe in the second half of the year. The drug is called obeticholic acid, or OCA.
This is a really good news!! I hope this gets approved and successful, so that liver transplant can be avoided. Fatty liver diseases is at a rise in the US more and the main reason behind is binge drinking as alcohol is the driving force behind cirrhosis.
Intercept stock was up more than 25% in the pre-market session after this positive data. But when the market opened that momentum was missing. https://news.alphastreet.com/intercept-pharmaceuticals-icpt-stock-surges-52-week-high-positive-data-from-liver-fibrosis-due-to-nash-drug-study/
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