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Much has been made of the NASH race, which came to a pinnacle of hype in 2018 with stocks like Madrigal (MDGL) & Viking (VKTX) quadrupling in value. The mood has since subdued, as the realization of competition and the hurdles to market have set in. Genfit (OTCPK:GNFTF) (GNFT) is one of a few biotechs this year that will have pivotal NASH data.
Below, we take a close look at their NASH candidate, elafibranor, as we inch closer to phase 3 data.