Madrigal jumps after Q3 sales for fatty liver drug beats estimates
** Shares of Madrigal Pharmaceuticals MDGL.O rise as much as 17.4% to a two-month high of $253.55
** Stock set for its best day since Dec 2022, if gains hold
** Drugmaker's Q3 rev from its sole product, fatty liver drug Rezdiffra, is $62.2 mln, beating Wall Street estimates of $34.2 mln - LSEG
** Fatty liver disease, known as metabolic dysfunction-associated steatohepatitis (MASH), affects around 5% of the U.S. population. The condition was earlier called non-alcoholic steatohepatitis (NASH)
** "This represents a second consecutive quarter of strong launch execution that increases our conviction in the underlying patient/prescriber demand" - Brokerage Leerink Partners
** MDGL has been able to successfully leverage its first-mover advantage and commercial experience to build the NASH market opportunity - Leerink
** In March, Rezdiffra became the first drug for the condition to be approved by the U.S. FDA
** YTD, stock up 8.1%
Reporting by Puyaan Singh
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