Madrigal Pharmaceuticals' Q4 2024 financial report or official statements

Madrigal's Rezdiffra Launches Strongly with $14.6M Sales

Aug 7, 2024, 08:04 PM

Madrigal Pharmaceuticals has reported a successful launch of its new drug, Rezdiffra, which is the first approved treatment for MASH (Metabolic Associated Steatohepatitis). In the second quarter of 2024, Rezdiffra achieved net sales of $14.6 million, exceeding expectations. The company has secured coverage for more than 50% of commercial patients, with less than 5% requiring a liver biopsy. The launch is expected to gain momentum, with plans to reduce the time to fill prescriptions from 60 days to 30 days by the end of the next quarter. Additionally, Madrigal is preparing for potential EMA approval in 2025.