WEST CONSHOHOCKEN, Pa. (AP) — WEST CONSHOHOCKEN, Pa. (AP) — Madrigal Pharmaceuticals Inc. (MDGL) on Wednesday reported a loss of $152 million in its second quarter.
The West Conshohocken, Pennsylvania-based company said it had a loss of $7.10 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $7.55 per share.
The biopharmaceutical company posted revenue of $14.6 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $3.8 million.
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