Intercept Pharmaceuticals, Inc. has found itself a suitor from across the Atlantic Ocean in the form of Alfasigma S.p.A., as that company has put down $19 per share to acquire a biotech that saw a major setback in June as US regulators rejected its drug candidate for non-alcoholic steatohepatitis (NASH).
Italy’s Alfasigma Comes Calling After Intercept’s Cruel Summer
The Bologna-based firm is looking to grow its presence in the US as well as in gastrointestinal and liver disease as it acquires Intercept, which received a second rejection for its NASH drug OCA in June.
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