It was no surprise Intercept Pharmaceuticals Inc. won US approval of Ocaliva (obeticholic acid) as a treatment for a rare and potentially fatal liver disease known as primary biliary cholangitis (PBC) – a decision announced by the firm just before midnight on May 27 as the FDA headed into a three-day holiday weekend, granting its nod two days before the drug's May 29 Prescription Drug User FeeAct action date.
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