Madrigal: 2Q Earnings Snapshot
WEST CONSHOHOCKEN, Pa. (AP) _ Madrigal Pharmaceuticals Inc. (MDGL) on Wednesday reported a loss of $19.7 million in its second quarter.
On a per-share basis, the West Conshohocken, Pennsylvania-based company said it had a loss of $1.28.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.08 per share.
Madrigal shares have declined 21% since the beginning of the year. The stock has decreased 64% in the last 12 months.