GENFIT’s Drug Iqirvo® Wins FDA Accelerated Approval

Genfit SA (GNFT) has released an update.

GENFIT announces a significant achievement with the U.S. FDA granting accelerated approval for Ipsen’s Iqirvo®, a first-in-class treatment for Primary Biliary Cholangitis (PBC). This marks the first FDA approval for a drug developed by GENFIT, with the company set to receive a €48.7 million milestone payment and up to 20% in royalties from Ipsen. The approval is expected to provide a financial boost to GENFIT, enabling the advancement of its new liver disease treatment portfolio.

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