Ocaliva PBC Uptake May Be Slow, But Builds Capital For NASH
Whether initially gradual or immediately strong, the uptake by physicians of Intercept Pharmaceuticals Inc.'s Ocaliva (obeticholic acid), which was priced at $69,350 per year, will ultimately mean money in the bank for the company, providing the firm the capital it will need to fund the much more lucrative opportunity: NASH, or nonalcoholic steatohepatitis.
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As expected, Intercept Pharmaceuticals Inc. was granted an accelerated approval for Ocaliva (obeticholic acid) as a treatment for primary biliary cholangitis. But the drug's potential in the much more lucrative indication of nonalcoholic steatohepatitis may be what piques the interests of larger pharmaceutical companies for a possible acquisition of the New York-based biotech.
After the FDA's glowing review on paper and even more so at the meeting of the agency's Gastrointestinal Drugs Advisory Committee, it was highly likely the panel would back a speedy approval of Intercept Pharmaceuticals Inc.'s Ocaliva (obeticholic acid) as a treatment for primary biliary cholangitis (PBC), a rare and potentially fatal liver disease.