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DewDiligence

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DewDiligence

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Re: DewDiligence post# 233337

Wednesday, 09/02/2020 5:21:03 PM

Wednesday, September 02, 2020 5:21:03 PM

Post# of 257470
ICPT cuts workforce 25%—170 jobs—due to NASH CRL on 6/29/20 (#msg-156582910):

https://www.sec.gov/ix?doc=/Archives/edgar/data/1270073/000110465920101204/tm2029969d1_8k.htm

The stock was +4% today (investors like cost-cutting); however, the stock is -64% from its Jan 2020 high and an astonishing -91% from its all-time high in Jan 2014.

Ocaliva sales in PBC will probably put a floor under the share price, but the chance of Ocaliva being resurrected for NASH is close to nil, IMO.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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