WEST CONSHOHOCKEN, Pa. (AP) — WEST CONSHOHOCKEN, Pa. (AP) — Madrigal Pharmaceuticals Inc. (MDGL) on Wednesday reported a loss of $94.4 million in its first quarter.
The West Conshohocken, Pennsylvania-based company said it had a loss of $3.25 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $3.61 per share.
The biopharmaceutical company posted revenue of $311.3 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $301.2 million.
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