Madrigal Pharmaceuticals ($MDGL) has experienced a notable increase in its stock price, attributed to rumors of a potential buyout. The stock, which had previously reached an all-time high of over $368, saw a recent pullback to around the low $270 range, prompting some investors to re-enter the market. Analysts have pointed to unconfirmed merger and acquisition chatter circulating on Betaville as a driving factor behind the stock's volatility. The company’s drug for metabolic dysfunction-associated steatotic liver disease (MASH) has garnered attention following its approval, although challenges remain regarding patient access and awareness. The stock's movements have also been linked to broader market trends, with mentions of other biotech stocks such as $AKRO, which is associated with a promising drug in the same therapeutic area.
WF $AMGN last week Adjust PT down to $280 from $335; lowering MariTide est following Phase 2 data less confident in its ability to capture significant https://t.co/6DYLcZIQX7 est 2033 adj. sales of $4.7B (previously $7.5B)push out launch year to 2028. Don’t cover $VKTX 2735
WF $VRNA - goes on to say Early physician feedback suggests Ohtuvayre could be a ~$2B drug, with $3B+ being a real possibility. https://t.co/mK6Wb9wrMd
WF $VRNA Early prescriber feedback suggests Ohtuvayre could be a ~$2B https://t.co/ZyEwCiuWLG is pricing in ~$1B in peak sales for Ohtuvayre, but it can achieve that simply by replicating launch curve of Yupelri, an undifferentiated analog. https://t.co/3g2WMarRna