Madrigal Pharmaceuticals Secures Global License for Ervogastat from Pfizer

Reuters
Jan 09
Madrigal Pharmaceuticals Secures Global License for Ervogastat from Pfizer

Madrigal Pharmaceuticals Inc. announced that it has entered into an exclusive global license agreement with Pfizer for ervogastat, an oral DGAT-2 inhibitor currently in Phase 2 development for metabolic dysfunction-associated steatohepatitis (MASH). The agreement grants Madrigal the rights to develop, manufacture, and commercialize ervogastat, as well as rights to two additional early-stage MASH pipeline assets. Under the terms of the agreement, Pfizer will receive an upfront payment of $50 million and is eligible for additional milestone payments and royalties on net sales.

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