Reed Research
Biotech, small-cap, long/short equity, special situations

Analysis Of Intercept Pharmaceuticals And OCA's Future Potential


Intercept Pharmaceuticals (NASDAQ:ICPT) is developing a first-in-class drug, obeticholic acid (OCA) that modulates bile production to reduce liver stress. Because OCA is a first-in-class drug targeting an orphan disease known as primary biliary cirrhosis (PBC) and appears to be safe and effective, OCA has a high probability of FDA approval. The long-term strategy of ICPT is promising: Piggybacking on the natural properties and bioactivity of bile acids will open doors for ICPT in large chronic disease markets that include metabolic disorders (diabetes/obesity) and heart disease. ICPT's market cap ($1B) is on par with other companies in a similar situation. I am waiting to see the Phase III clinical trial results this quarter and early in 2014 before...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details