Reply To: Traders Market Weekly: Embrace the Chaos in 2023

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Truman
Participant

Madrigal Pharmaceuticals Soars +214.3%
$MDGL 200.50 +136.70

Announces positive topline results from pivotal Phase 3 MAESTRO-NASH Clinical Resmetirom Trial ; trial achieved both #liver histological improvement endpoints that FDA proposed

Resmetirom would be the first approved treatment for NASH, or nonalcoholic steatohepatitis, a disease that affects about 5% of adults in the United States.

The data gives the $MDGL a timely boost after it raised “going concern” doubts in November citing lack of adequate cash. This move would have also been impacted by short covering, squeezing based on that