Stock Track | Madrigal Pharmaceuticals Soars 7.44% in Pre-market on Strong Q1 Earnings Beat and Pipeline Expansion

Stock Track

05/06

Madrigal Pharmaceuticals' stock surged 7.44% during pre-market trading on Wednesday, reflecting significant investor optimism.

The sharp rise follows the company's release of first-quarter 2026 financial results, which showed a smaller-than-expected loss and revenue that surpassed analyst forecasts. Madrigal reported a quarterly loss of $3.25 per share, beating the consensus estimate of a $3.60 loss, while sales of $311.34 million exceeded expectations of $302.27 million.

Investor sentiment was further bolstered by news that Madrigal secured an exclusive worldwide license for ARO-PNPLA3, a clinical-stage RNAi therapy for MASH, expanding its pipeline beyond its foundational drug Rezdiffra. Additionally, HC Wainwright & Co. maintained its $620 price target on the stock, adding to the positive outlook.

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