In the spring of 2020, Genfit SA very quickly went from a company hoping and planning to be the first to bring a drug therapy for non-alcoholic steatohepatitis (NASH) to market to seeing those dreams dashed as its Phase III study failed to demonstrate efficacy. The Lille, France-based firm quickly determined that there was no path forward for PPAR alpha/delta agonist elafibranor in NASH, and some observers expected the company to be sold off in pieces and dismantled.
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