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Madrigal Pharmaceuticals Down 2%; Boosts Stock-Sale Agreement, Reports 1Q

By Josh Beckerman

Shares of Madrigal Pharmaceuticals were down 2%, to $302.88, after the biopharmaceutical company increased the size of a stock-sale agreement and reported first-quarter results.

The company said an amendment to a 2021 sales agreement increased by $200 million the amount of stock it may sell from time to time.

For…

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