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Intercept Pharmaceuticals, Inc was founded in 2002 as a biopharmaceutical company located in New York, NY. Since its foundation, Intercept has been dedicated to researching and developing novel drugs to treat serious, life-threatening chronic liver diseases. Intercept's development of obeticholic acid (OCA) began in 2007 and was approved by the FDA in 2016 for the treatment of primary biliary cholangitis (PBC). The company has since developed and commercialised OCA for treating NASH, biliary atresia, and primary sclerosing cholangitis.