Intercept shares go crazy, Galectin jumps

Galectin Therapeutics (GALT), which develops galectin inhibitors against NASH/liver fibrosis, jumps 17.5% following the storming success of Intercept Pharmaceuticals' (ICPT) beticholic acid in a trial.

Another company that operates in the space, La Jolla Pharmaceutical (LJPC), is +2.6%.

Intercept is up 245% at around $250, giving it a market cap of $4.9B. BMO has given the stock a price target of $270.

Despite the hoopla, it's worth noting that the company generates minimal revenue.

$ICPT on Twitter.


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Comments (6)
  • massawe
    , contributor
    Comments (8) | Send Message
    out of the two $GALT & $LJPC which one is the next $ICPT???
    9 Jan 2014, 11:48 AM Reply Like
  • hancharou
    , contributor
    Comments (18) | Send Message
    I think $LJPC. The Backer Brothers are in $LJPC as well.
    9 Jan 2014, 12:52 PM Reply Like
  • buyandhold???
    , contributor
    Comments (907) | Send Message
    $TNXP is the next one to make the big move, fantastic board of directors, honestly best ive ever seen in a pharmaceutical + they're reformulating a drug thats been around for 30+ years, At a $80M market cap a move to say $2B is still 25x current price..


    ICTP is $5B fwiw so TNXP is 60x less so approval next october could be an equal boon
    9 Jan 2014, 03:10 PM Reply Like
  • User 259561
    , contributor
    Comment (1) | Send Message
    Actually, GALT jumped 59.29% (not 17.5%) on 49 times its average 10 day volume, trading over 6 million shares today.
    9 Jan 2014, 09:19 PM Reply Like
  • Foodog
    , contributor
    Comment (1) | Send Message
    There is another molecule which is much more promising than ICPT's, the GFT505 the company is a french company , GENFIT (code ALGFT) and is in direct competition with ICPT, The drug is also in Phase 2b (ending October 2014) and has received complete inocuity in October 2013. Its market cap is a mere 210 Million Euros.
    10 Jan 2014, 01:20 AM Reply Like
  • jcri33
    , contributor
    Comments (11) | Send Message
    Loving $LJPC at these levels!!! Adding and Holding Long because I am extremely BULLISH on this company in 2014!!!!
    10 Jan 2014, 11:16 AM Reply Like
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