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Stock Market & Financial Investment News

News Breaks
January 9, 2014
08:19 EDTICPTIntercept shares more than double in pre-market after NASH primary endpoint met
Shares of Intercept Pharmaceuticals are up about 140% to $173.00 in pre-market trading after the company announced that the FLINT trial of obeticholic acid, or OCA, for the treatment of nonalcoholic steatohepatitis, or NASH, has been stopped early for efficacy based on a planned interim analysis showing that the primary endpoint of the trial has been met. Intercept closed trading yesterday at $72.39.
News For ICPT From The Last 14 Days
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November 14, 2014
15:22 EDTICPTIntercept CEO says company 'very well-positioned' in terms of balance sheet
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November 12, 2014
12:00 EDTICPTKOLs say 'remains to be seen' if OCA can get accelerated approval, says Leerink
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11:55 EDTICPTIntercept not part of talks with journals, says Deutsche Bank
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November 11, 2014
12:00 EDTICPTIntercept results said to be rejected by New England Journal, Bloomberg says
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November 10, 2014
08:36 EDTICPTIntercept price target lowered to $125 from $172 at FBR Capital
FBR Capital lowered its price target for Intercept shares to $125 saying its talks with experts and cardiologists indicate the company's OCA drug is unlikely to be a "silver bullet" for the treatment of nonalcoholic steatohepatitis. FBR notes that while OCA appears to improve the liver, the drug worsens many of the other derangements like lipid and glucose homeostasis. FBR decreased the probability of success in NASH to 55% from 60%, and lowered its peak OCA sales estimate to $5.2B. It keeps an Underperform rating on Intercept shares.

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