Madrigal Pharmaceuticals Inc (MDGL)

[DMOST]

Not quite that low, it now seems........Initially $305 a share.

Madrigal Pharmaceuticals Prices Public Offering of Common Stock

Madrigal Pharmaceuticals, Inc. (Nasdaq:MDGL), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases, today announced the pricing of an underwritten registered public offering of 1,347,232 shares of its common stock at a public offering price of $305.00 per share. In the offering, Madrigal will issue and sell 983,607 shares and existing stockholders of the company, including certain of its executive officers and directors and affiliates thereof will sell 363,625 shares. The gross proceeds to Madrigal from the offering, before deducting the underwriting discounts and commissions and other estimated offering expenses, are expected to be approximately $300 million. Madrigal will not receive any proceeds from the sale of the shares by the selling stockholders. Madrigal has granted the underwriters of the offering a 30-day option to purchase up to an additional 202,084 shares of common stock from the company.
https://finance.yahoo.com/news/madrigal-pharmaceuticals-prices-public-offering-031422899.html

It will test the strength and the positive sentiment, towards the stock, going forward, offering an initial win and a chance to cover and profit for shorts.

Many fully expect a temporary drop lower. But $150 a share, would be a "HUGE GIFT" and a no-brainier, for any looking for a second chance......It want happen at that price.

Meanwhile, vktx, will see a similar and on ratio, an equal decline possibly more as they aren't as far along in testing as MDGL........There move, so far, has been because of the positive news and sentiment, surround MDGL

WE WILL SEE if its able to last, are continue to move in Sympathy, with the awareness of MDGL.

Maxim Explains Viking Therapeutics' Sympathy Move With Madrigal
https://finance.yahoo.com/news/maxim-explains-viking-therapeutics-sympathy-201012646.html

"PEACE"