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DewDiligence

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DewDiligence

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Re: DewDiligence post# 621

Friday, 06/23/2023 12:47:09 PM

Friday, June 23, 2023 12:47:09 PM

Post# of 625
ICPT announces cost-cutting maneuvers from termination of NASH program:

https://www.globenewswire.com/news-release/2023/06/23/2693568/23024/en/Intercept-Announces-Restructuring-to-Strengthen-Focus-on-Rare-and-Serious-Liver-Diseases-and-Significantly-Reduce-Operating-Expenses.html

Company lowers 2023 non-GAAP adjusted operating expense guidance to $350–$370 million, inclusive of restructuring costs; reiterates 2023 Ocaliva net sales guidance of $310–$340 million

I wish them luck is pursuing profitability with only the PBC indication.

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

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