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Italy’s Alfasigma Comes Calling After Intercept’s Cruel Summer

 
• By Alaric DeArment

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.

Alfasigma is buying Intercept for $19 per share • Source: Shutterstock

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).

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