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Stock Market & Financial Investment News

News Breaks
January 11, 2014
18:01 EDTICPTNIH says patients on Intercept drug had more 'bad' cholesterol, WSJ says
Late Friday, the Wall Street Journal reported that the National Institutes of Health, NIH, said patients that were treated with Intercept Pharmaceuticals's experimental liver-disease drug obeticholic acid, or OCA, in a clinical trial experienced more abnormal cholesterol levels than those who were given a placebo. The NIH, said it was making this information available to give "broader context for the findings" of the trial, added the Wall Street Journal. Shares of Intercept traded down 6% in after-hours trading on Friday evening after the report. Reference Link
News For ICPT From The Last 14 Days
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December 19, 2014
06:26 EDTICPTIntercept price target lowered to $475 from $693 at Citigroup
Citigroup lowered its price target for Intercept shares to $475 on expectations investor concerns around the company's liver fibrosis drug, OCA, will persist. Citi, however, says it remains a buyer of the stock. It believes the level of concern around OCA’s cholesterol effect is overdone. The firm keeps a Buy rating on shares of Intercept.
December 18, 2014
06:33 EDTICPTIntercept coverage resumed with a Buy at Sterne Agee
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December 15, 2014
08:58 EDTICPTIntercept reinstated with a Buy at BofA/Merrill
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December 11, 2014
08:57 EDTICPTLeerink major pharma & biotech analysts hold analyst/industry conference call
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December 5, 2014
06:06 EDTICPTIntercept announces publication of meta-analysis from Global PBC Study Group
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