Small Biotech Flies On NASH Results Days After Intercept's Rejection [Investor's Business Daily]
Intercept Pharmaceuticals, Inc. (ICPT)
Last intercept pharmaceuticals, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
ir.interceptpharma.com/investor-relations
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Source: Investors Business Daily
Related news Akero Therapeutics ( AKRO ) charged up Wednesday after the biotech company unveiled promising results for a hepatitis treatment. Researchers tested three doses of the drug in patients with nonalcoholic steatohepatitis, or NASH. NASH is a progressive form of fatty liver disease unrelated to alcohol consumption. The drug, dubbed efruxifermin, showed promise at all three dose levels. The results come just two days after the Food and Drug Administration rejected Intercept Pharmaceuticals ' ( ICPT ) potential NASH drug, obeticholic acid. Analysts largely saw Intercept as being the first to cross the finish line in this form of hepatitis treatment. In morning action on today's stock market , Akero stock popped 40.2% near 35. More to follow. Follow Allison Gatlin on Twitter at @IBD_AGatlin . YOU MAY ALSO LIKE: This Top Covid-19 Play Just Crumbled On Vague Coronavirus Vaccine Data Why These 5 Pharma Stocks Are Outplaying 90% Of The Stock Market Best Growth Stocks To Buy
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