Madrigal Pharmaceuticals with ticker code (MDGL) now have 14 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 230 and 123 calculating the average target price we see 170. With the stocks previous close at 118.34 this now indicates there is a potential upside of 43.7%. The day 50 moving average is 120.66 while the 200 day moving average is 114.83. The company has a market cap of $1,824m. Visit the company website at: http://www.madrigalpharma.com
The potential market cap would be $2,621m based on the market concensus.
Madrigal Pharmaceuticals, 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) Ã-selective agonist, which is in Phase III clinical trials for the treatment of non-alcoholic steatohepatitis (NASH). It is also developing MGL-3745, a THR-Ã-selective small molecule that is in preclinical trials for the treatment of NASH and hyperlipidemia. 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 was founded in 2011 and is headquartered in West Conshohocken, Pennsylvania.
