Intercept Pharma announces successful Phase 3 NASH trials

Will move for approval in US and Europe later this year

Eagerly awaited Phase 3 trial results were released early Tuesday morning from Intercept Pharmaceuticals,¬†showing positive results for the study’s primary goal of showing a statistically significant reduction in liver fibrosis compared to placebo. As a result, Intercept will seek approval in the US and Europe to permit the drug, known as Ocaliva, to be used as the first ever treatment for NASH-related fibrosis. The stock price rose as high as 23% on the news.

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