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madrigal pharmaceuticals shows long-term growth potential with undervalued shares

Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, is focused on developing innovative treatments for non-alcoholic steatohepatitis (NASH). Its lead candidate, resmetirom, is a once-daily oral medication that acts as a liver-directed thyroid hormone receptor-β agonist, addressing the underlying causes of NASH. The company's clinical development includes several key programs: MAESTRO-NASH, MAESTRO-NAFLD-1, and MAESTRO-NASH OUTCOMES.

ubs maintains buy rating on madrigal pharmaceuticals with target price of 441

UBS has reaffirmed its Buy rating on Madrigal Pharmaceuticals, setting a price target of $441, reflecting confidence in the company's potential in treating metabolic-associated steatohepatitis (MASH). Following strong fourth-quarter results, with revenues of $180 million and a gross margin of 96.54%, analysts remain optimistic about Madrigal's future, particularly with promising data from the Phase 3 MAESTRO-NAFLD-1 trial. The company holds a robust financial position, with cash and marketable securities totaling $931.3 million, and anticipates a potential European launch of its drug Rezdiffra in 2025, pending regulatory approval.
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