Madrigal Pharmaceuticals Wins Approval for the First Drug Targeting the Multibillion-Dollar NASH...

Published on 20 Mar 2024 on Motley Fool via Yahoo Finance

Madrigal Pharmaceuticals Wins Approval for the First Drug Targeting the Multibillion-Dollar NASH...

Some events are so pivotal for a company that they cause everything to change. The company's world instantly becomes brighter -- or darker.

Madrigal Pharmaceuticals (NASDAQ: MDGL) just experienced such an event. Last Thursday, the company won U.S. Food and Drug (FDA) approval for the first drug targeting the multibillion-dollar market for nonalcoholic steatohepatitis (NASH). Is Madrigal stock now a screaming buy?

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