earnings
confidence high
sentiment positive
materiality 0.80
Madrigal posts Q3 2024 Rezdiffra net sales of $62.2M; commercial coverage exceeds 80%
MADRIGAL PHARMACEUTICALS, INC.
2024-Q3 EPS reported
-$19.31
revenue$76,813,000
- Third-quarter 2024 net sales of Rezdiffra $62.2M; no product revenue in prior year.
- Cash, equivalents, and marketable securities $1.0B at Sep 30, 2024.
- Operating expenses $178.5M vs $98.5M YoY; SG&A $107.6M driven by commercial launch.
- Commercial coverage achieved for >80% of lives; <5% require biopsy for diagnosis.
- Completed enrollment in MAESTRO-NASH OUTCOMES trial for compensated NASH cirrhosis; EMA decision mid-2025.