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Biotech / Medical : Biotech News
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From: JDivray2/18/2014 10:39:56 AM
   of 7143
 
GENFIT NASH MOLECULE GOT FAST TRACK FROM THE FDA

GENFIT (OTC: GNFTF) today announces that the Food and Drug Administration (FDA) has granted Fast Track designation to the GFT505 development program in NASH, with effect from February 14, 2014. The FDA's Fast Track program is designed to facilitate the development and expedite the review of new drugs that are intended to treat serious or life-threatening conditions, and that demonstrate the potential to address unmet medical needs. The aim is to ensure that new therapies for serious conditions are approved and available to patients as soon as possible. This designation permits close and regular contact between GENFIT and the FDA, thus enabling the joint definition of the most efficient development plan through frequent meetings and an accelerated review process. GENFIT is currently conducting the Phase IIb study GFT505-212-7, for which the primary objective is to demonstrate the efficacy of one year of treatment with GFT505 (80 mg/d and 120 mg/d versus placebo) on the reversion of biopsy-diagnosed NASH. This international study involves a total of 56 centers of clinical excellence in the United States and in multiple European countries. All patients (a total of 270) have been recruited, more than half have been under treatment for more than 6 months, and the first patients have completed one year of treatment. The results should be announced at the end of 2014.

Despite it took 40% this morning in Paris ALGFT.PA if you can trade it ( about 40 $ / share) , the valuation of the company is still ridiculous regarding ICPT...
it seems that their molecule will be on the market before ICPT's one.. and no toxicity ...

to my opinion as a shareholder it is a big opportunity because the valuation of Genfit will raise ICPT's one in the short future the valuation of ICPT should pullback regarding this news
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