Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. The company's lead candidate is MGL-3196, an orally administered, small-molecule, liver-directed, thyroid hormone receptor (THR) ß-selective agonist, which is in Phase II clinical trials for the treatment of non-alcoholic steatohepatitis and heterozygous familial hypercholesterolemia. It is also developing MGL-3745, a THR-ß-selective small molecule that is in preclinical trials. The company has research, development, and commercialization agreement with Hoffmann-La Roche to develop, use, sell, offer for sale, and import various licensed products. Madrigal Pharmaceuticals, Inc. was founded in 2011 and is headquartered in West Conshohocken, Pennsylvania. O/S = 15.19M Float = 12.24M Institutional holdings = 84.60% Insiders = 13.98% Madrigal’s MGL-3196 Achieves Liver Biopsy Endpoints in Patients with Non-alcoholic Steatohepatitis (NASH) at 36 Weeks in Phase 2 Clinical Trial - https://finance.yahoo.com/news/madrigal-mgl-3196-achieves-liver-105000656.html
Anyone here have any of this one? Great play for those that did & VKTX is another one to keep on radar (sympathy play) that also had a great run today. Definitely adding both to my watch list & am looking forward to phase 3!!!
NASH stocks are hot & think they will be getting even hotter so some here might wanna keep them on radar. This one gave another real nice play today & i am seriously considering going long on a few - this being one of them.
Decided to take a little time to do a little digging after checking out form 4's hitting SEC & seeing insider sells/oe @ $287. Looks like offering was expected to close "around" 6/11 but no news yet so they are still selling shares @ $305. AND my least favorite, GS is one of the underwriters which means i won't be shorting anytime soon and/or will have to wait on him to short his 15%!! Is in overbought territory but still inclined to think it will do a double top before pulling back but not sure how much of a pull back there will be with GS on this....
Off topic, but wasn't Madrigal the name of the German company in Breaking Bad that helped with drug trade? Every time I see this thread that's what I think of, even if that's not what the companies name was hahaha
Madrigal Announces Positive Topline Results from the Pivotal Phase 3 MAESTRO-NASH Clinical Trial of Resmetirom for the Treatment of NASH and Liver Fibrosis
