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Finance Watch: Investors Go Nuts For NASH As Madrigal Raises $300m, Galmed Skyrockets

 
• By Mandy Jackson

Public Company Edition: Madrigal and Galmed shares more than doubled after reporting what were viewed as positive results in mid-stage NASH studies, with Madrigal going on to raise $300m on the back of the data. Not all is well for publicly traded firms, however, as Advaxis and Flex Pharma reveal layoffs.

Finance Watch

Investors can't get enough of companies that are developing drugs to treat non-alcoholic steatohepatitis (NASH), more than doubling the value of two small biopharmaceutical firms based on recent mid-stage trial readouts, despite the rollercoaster ride experienced by one of the leading NASH specialists.

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