Seeking Alpha

Intercept down 7% premarket

  • Despite the announcement of positive phase III results for obeticholic acid, shares of Intercept Pharmaceuticals (ICPT) are poised for a gap down at the open.
  • According to Adam Feuerstein, the product caused cardiovascular side effects in a separate phase II trial. This was disclosed in the company's recent 10-K. Intercept says the side effects are insignificant.
Comments (1)
  • jawdoc19@gmail.com
    , contributor
    Comments (37) | Send Message
     
    It will up 5% soon. shorts will be burnt.Medical studies use p-value of 5% for "statistical significance". This means 95% probability adverse effects were due to pure chance. This is great buying opportunity
    17 Mar 2014, 08:25 AM Reply Like
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