Madrigal's Positive Data, And Other News: The Good, Bad And Ugly Of Biopharma [Seeking Alpha]
Invacare Corporation (IVC)
Last invacare corporation earnings: 2/10 06:00 am
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Source: Seeking Alpha
SummaryMadrigal reported positive NASH data.Invacare expects positive quarter despite COVID-19.Moderna takes on Zika virus.Madrigal Pharma Reports Positive Data from Phase 2 NASH TrialsMadrigal Pharmaceuticals (NASDAQ:MDGLsaidThe key findings from the trial showed that liver fat reduction at three months after the start of the treatment demonstrate predictive power for fibrosis reduction and NASH resolution on subsequent liver biopsy. The drug candidate also showed robust and statistically significant ability to reduce markets of net collagen deposition in the liver. This finding supports the anti-fibrotic impact of the drug. The company also stated that it managed to keep the impact of COVID-19 outbreak on its trials to the minimal.For its Phase 3 trials MAESTRO-NASH and MAESTRO-NAFLD-1, Madrigal clarified that it has sufficient supply of required drugs to carry out both the studies. Further it also said that it has sufficient liquidity to see through the non invasive 52-week MAESTRO
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