NASH-chasing Madrigal prices hefty public offering

2 October 2023

Madrigal Pharmaceuticals, (Nasdaq: MDGL), a US biopharma pursuing new therapeutics for non-alcoholic steatohepatitis (NASH), has announced the pricing of its underwritten public offering.

On offer are 1,248,098 shares of Madrigal’s common stock and, to certain investors, pre-funded warrants to buy 2,048,098 shares.

The price is $151.69 per share, with the Pennsylvanian firm expecting to raise around $500 million from the offering.

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