Name | Value |
---|---|
Revenues | 62.2M |
Cost of Revenue | 2.2M |
Gross Profit | 60.0M |
Operating Expense | 176.3M |
Operating I/L | -116.3M |
Other Income/Expense | 9.3M |
Interest Income | 13.0M |
Pretax | -107.0M |
Income Tax Expense | 0.0M |
Net Income/Loss | -107.0M |
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.