Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Dainippon Sumitomo Surges on Partner Trial for Liver Drug

Don't Miss Out —
Follow us on:
Dainippon Sumitomo Offices
Pedestrians walk past the company logo of Dainippon Sumitomo Pharma Co., Ltd., at its offices in Tokyo. Photographer: Kimimasa Mayama/Bloomberg

Jan. 11 (Bloomberg) -- Dainippon Sumitomo Pharma Co. surged to the highest in more than a decade yesterday after a U.S. partner’s trial of a liver disease drug worked well enough for the testing to be stopped.

Osaka-based Dainippon’s shares surged 17 percent to close at 1,906 yen in Tokyo trading, the highest level since March 2001. The broader Topix index gained 0.1 percent.

Intercept Pharmaceuticals Inc., Dainippon’s New York-based partner, rose 62 percent to close at $445.83 in New York, after more than tripling a day earlier.

Intercept’s obeticholic acid, or OCA, treats nonalcoholic steatohepatitis, or NASH, a liver disease in which people who don’t drink or drink very little alcohol suffer damage that resembles that of heavy drinkers. Eventually, the disease can cause scarring and hurt the organ’s ability to function. About 2 percent to 5 percent of Americans have the disease, according to the National Institutes of Health.

The drug is in the second of three stages of testing typically required before approval. In a trial of 283 patients who got either the drug or placebo, Intercept said the drug was shown to be effective in getting a measurement of the disease to drop by at least two points on an eight-point scale.

Dainippon Sumitomo and Intercept in 2011 announced an agreement to develop and commercialize obeticholic acid for chronic liver disease and Dainippon licensed the drug for sale in Japan and China in March 2011.

To contact the reporter on this story: Anjali Cordeiro in Hong Kong at

To contact the editor responsible for this story: Anjali Cordeiro at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.