In early 2014, the stock price of a then lesser-known biotech called Intercept Pharmaceuticals soared six fold in two days of heady trading.
Sparking the surge was news from the company that a clinical study of its experimental drug obeticholic acid would be stopped early due to efficacy. The study found Intercept's drug helped patients with a type of inflammatory liver disease known as non-alcoholic steatohepatitis, or NASH.
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