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Law Offices of Howard G. Smith Announces a Shareholder Class Action Lawsuit Has Been Filed against Intercept Pharmaceuticals,

  Law Offices of Howard G. Smith Announces a Shareholder Class Action Lawsuit
  Has Been Filed against Intercept Pharmaceuticals, Inc.

Business Wire

BENSALEM, Pa. -- February 25, 2014

Law Offices of Howard G. Smith announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of New
York on behalf of all purchasers of the securities of Intercept
Pharmaceuticals, Inc. (“Intercept” or the “Company”) (NASDAQ:ICPT) between
January 9, 2014 and January 10, 2014, inclusive (the “Class Period”).

Intercept is a development stage biopharmaceutical company, focused on the
development and commercialization of novel therapeutics to treat chronic liver
diseases utilizing Intercept’s proprietary bile acid chemistry. The Company’s
primary drug compound, obeticholic acid (“OCA”), is in various stages of
clinical development for the treatment of cirrhosis and other chronic liver
diseases. The complaint alleges that the Company’s January 9, 2014, and
January 10, 2014, announcements concerning the Phase 2 clinical trial of OCA
for treatment of non-alcoholic steatohepatitis failed to disclose material
information.

On January 10, 2014, the National Institutes of Health’s National Institute of
Diabetes and Digestive Kidney Diseases issued a statement that although the
efficacy primary endpoint for OCA had already been met, study participants
suffered disproportionate levels of lipid abnormalities. Following this news,
Intercept stock dropped from its $445.83 per share closing price on January
10, 2014, to a closing price of $255.12 per share on January 14, 2014.

If you purchased Intercept securities during the Class Period, you have until
April 22, 2014, to move the Court to serve as lead plaintiff; however, you
must meet certain legal requirements. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish to learn more
about this action, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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