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Orbimed Downgrades its Position in Intercept Pharmaceuticals

Orbimed Advisors, Intercept Pharmaceuticals: In a recent SEC filing, Samuel Isaly and his hedge fund, Orbimed Advisors, reported decreasing their holding in Intercept Pharmaceuticals Inc (NASDAQ:ICPT) to 9.22% of its outstanding shares. Orbimed now owns around 1.78 million shares of Intercept, with an aggregate value of $106.34 million, at the current stock price of the company. In its latest 13F, Orbimed reported 2.15 million shares of the company.

Intercept Pharmaceuticals Inc (NASDAQ:ICPT)

Disclosure: none

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