Article: Intercept Pharmaceuticals Announces Completion of First Financing Round; - Acquires Portfolio of Novel FXR Compounds for Treatment of Liver and Metabolic Diseases -.

NEW YORK, Aug. 26 /PRNewswire/ -- Intercept Pharmaceuticals, Inc., an emerging specialty pharmaceutical company focused on developing small molecule drugs for the treatment of chronic liver and metabolic diseases, today announced completion of a first round of financing that raised a total of $3 million. The financing was managed by Joseph Stevens and Company.

Intercept has used a portion of the financing proceeds to complete acquisition of its lead compound, the FXR nuclear receptor agonist INT-747, and associated intellectual property covering a portfolio of FXR compounds invented by Intercept scientific co-founder Roberto Pellicciari, Ph.D., Professor of ...

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