This Under-the-Radar Stock Just Hit a Major Milestone: Time to Buy? [Yahoo! Finance]
Madrigal Pharmaceuticals, Inc. (MDGL)
Last madrigal pharmaceuticals, inc. earnings: 2/26 06:50 am
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Source: Yahoo! Finance
That's why relatively unknown biotechs often opt to develop medicine where there are few (if any) approved therapies. Madrigal Pharmaceuticals (NASDAQ: MDGL) , a mid-cap biotech, has followed this blueprint. The company was recently awarded the first approval from the U.S. Food and Drug Administration (FDA) for a treatment for non-alcoholic steatohepatitis (NASH). Let's look deeper at this important milestone and determine whether it makes Madrigal's shares attractive. Madrigal's product boasts exciting sales potential First, a primer on NASH. It is caused by a buildup of fat in the liver. As its name suggests, patients don't owe it to excessive alcohol abuse, although the liver damage the illness causes is similar to that of heavy alcohol users. Instead, obesity and diabetes are thought to be some of the major risk factors. NASH can cause serious, life-threatening problems. That's why the approval of Madrigal's Rezdiffra to treat NASH is such a big deal. The commercial opport
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News
- Madrigal Statement on the Passing of Dr. Stephen HarrisonGlobeNewswire
- Madrigal: 2 Challenges To Overcome To Maintain NASH 'First Mover' Advantage [Seeking Alpha]Seeking Alpha
- Madrigal Pharmaceuticals to Release First-Quarter 2024 Financial Results and Host Webcast on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Madrigal Pharmaceuticals to Release First-Quarter 2024 Financial Results and Host Webcast on May 7, 2024GlobeNewswire
- Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) is now covered by analysts at Bank of America Co.. They set an "underperform" rating and a $150.00 price target on the stock.MarketBeat