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Fly News Breaks for March 5, 2020
MDGL
Mar 5, 2020 | 07:03 EDT
Citi analyst Joel Beatty lowered the firm's price target on Madrigal Pharmaceuticals to $155 from $166 and keeps a Buy rating on the shares. The analyst reduced his estimates to reflect the lowering of the estimated annual price of resmetirom to $7,300 from $8,000. However, he believes resmetirom is one of the most promising agents in later-stage development for the treatment of earlier stage nonalcoholic steatohepatitis.
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