Name | Value |
---|---|
Revenues | 0.0M |
Cost of Revenue | 0.1M |
Gross Profit | -0.1M |
Operating Expense | 78.3M |
Operating I/L | -78.3M |
Other Income/Expense | 1.4M |
Interest Income | 3.8M |
Pretax | -76.9M |
Income Tax Expense | 0.9M |
Net Income/Loss | -77.8M |
Madrigal Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company specializing in therapeutic candidates for cardiovascular, metabolic, and liver diseases. Their lead product, resmetirom, is a liver-directed selective thyroid hormone receptor-ß agonist currently in Phase III clinical trials for non-alcoholic steatohepatitis treatment. Additionally, the company is developing MGL-3745 as a backup compound to resmetirom. Madrigal Pharmaceuticals has a research, development, and commercialization agreement with Hoffmann-La Roche, positioning them to generate revenue through the successful development and commercialization of their therapeutic candidates.