Successful Launch of Rezdiffra
Rezdiffra's net sales for the third quarter were $287 million, up 35% quarter-over-quarter, with over 29,500 patients treated and more than 10,000 healthcare providers prescribing the drug.
Patent Extension and Global Expansion
Rezdiffra's U.S. patent is now listed in the orange book, extending its value until 2045. Additionally, the drug has launched in Germany following European approval.
Pipeline Advancements
Progress on the Phase III MAESTRO-NASH outcomes trial for compensated MASH cirrhosis, with new data expected. The company is also advancing a combination strategy with a new oral GLP-1.
Strong Financial Position
Madrigal ended the third quarter with $1.1 billion in cash, cash equivalents, restricted cash, and marketable securities, despite a one-time $117 million R&D expense.