Intercept $163M Diabetes Drug Development Deal with Servier
Intercept Pharmaceuticals could receive up to $163 million from Servier as part of a worldwide (excluding the U.S. and Japan) agreement centered on the discovery and development of TGR5 (GPR131) agonists for the treatment of type 2 diabetes and other metabolic indications. The partnership will exploit Intercept’s drug discovery platform, which is based on bile acid analog chemistry, and expertise in targeting TGR5 and other bile receptors.