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Madrigal to Present New Data from the Company’s MASH Program at EASL 2026 Demonstrating the Effects of Rezdiffra on Markers of Cardiovascular and Portal Hypertension Risk

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Madrigal (NASDAQ: MDGL) will present multiple new Rezdiffra® (resmetirom) data sets at the EASL Congress 2026, including analyses of lipid markers linked to cardiovascular risk, portal hypertension risk scores in compensated MASH cirrhosis, real-world effectiveness, and noninvasive biomarkers and machine learning models predicting MASH and fibrosis improvement.

Rezdiffra is the first approved MASH therapy in the U.S. and Europe, indicated for noncirrhotic MASH with F2–F3 fibrosis.

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AI-generated analysis. Not financial advice.

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News Market Reaction – MDGL

-1.25%
1 alert
-1.25% News Effect

On the day this news was published, MDGL declined 1.25%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

EASL 2026 dates: May 27–30, 2026 MASH cirrhosis cohort: 180 patients Rezdiffra dose: 100 mg +5 more
8 metrics
EASL 2026 dates May 27–30, 2026 European Association for the Study of the Liver Congress schedule
MASH cirrhosis cohort 180 patients Compensated MASH cirrhosis cohort in resmetirom analysis
Rezdiffra dose 100 mg Dose where 91% achieved liver stiffness improvement/stabilization at one year
Liver stiffness response 91% Patients on 100 mg Rezdiffra with improved or stable liver stiffness at one year
Weight loss threshold ≥5% weight loss Associated with VCTE and ELF lowering independent of biopsy improvement
Fibrosis stages F2–F3 Indicated population: noncirrhotic MASH with moderate to advanced fibrosis
Cirrhosis stage F4c Compensated MASH cirrhosis examined for portal hypertension risk markers
Biomarker timepoints Week 52 Biomarker responses (MRI-PDFF, ALT, MRE, PRO-C3) predicting fibrosis improvement

Market Reality Check

Price: $513.47 Vol: Volume 258,238 vs 20-day ...
normal vol
$513.47 Last Close
Volume Volume 258,238 vs 20-day average 283,187 (relative volume 0.91x) suggests no unusual trading ahead of this data-focused update. normal
Technical Shares at $511.82 are trading above the 200-day MA of $481.73 and about 16.8% below the 52-week high of $615.

Peers on Argus

MDGL fell 1.99% while close biotech peers were mixed, with modest moves (e.g., V...
1 Up

MDGL fell 1.99% while close biotech peers were mixed, with modest moves (e.g., VRNA +0.06%, BPMC +0.09%, MRNA -3.97%). Only ROIV appeared on the momentum scanner (+9.89%), indicating stock-specific factors rather than a broad sector move.

Common Catalyst One peer, ROIV, reported earnings, but there is no broad MASH- or liver-focused news trend across the group.

Historical Context

5 past events · Latest: May 07 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
May 07 Inducement equity grants Neutral -4.6% Inducement stock options and RSUs granted to new non‑executive employees.
May 06 Quarterly earnings update Positive +7.4% Strong Rezdiffra sales growth, higher cash balance, pipeline and IP updates.
May 05 Pipeline licensing deal Positive -3.1% Exclusive license for clinical siRNA asset ARO‑PNPLA3 added to MASH pipeline.
May 05 Partner licensing disclosure Positive -3.1% Arrowhead’s disclosure of ARO‑PNPLA3 license terms with Madrigal.
Apr 22 Earnings date notice Neutral +0.8% Announcement of schedule and webcast details for 1Q26 earnings release.
Pattern Detected

Recent history shows mixed reactions: strong gains on earnings, occasional selloffs on positive pipeline/licensing news, and moderate moves on routine corporate items.

Recent Company History

Over the past month, Madrigal has reported strong commercial progress for Rezdiffra, with 1Q26 net sales of $311.3M and rapid patient uptake, alongside continued net losses and heavy investment. The company expanded its MASH pipeline via the ARO‑PNPLA3 licensing deal and communicated upcoming earnings and inducement equity grants. Price reactions alternated between rallies on earnings and pullbacks on licensing and compensation news, showing that positive strategic updates have not always translated into immediate upside.

Market Pulse Summary

This announcement broadens the evidence base for Rezdiffra, highlighting analyses of lipid profiles,...
Analysis

This announcement broadens the evidence base for Rezdiffra, highlighting analyses of lipid profiles, portal hypertension risk and noninvasive biomarker responses across MASH fibrosis stages, including F2–F3 and compensated cirrhosis (F4c). The data build on prior Phase 3 results, where 91% of patients on 100 mg achieved improved or stable liver stiffness at one year. Investors may track upcoming EASL 2026 presentations, longer‑term outcomes in cirrhosis, real‑world effectiveness, and how these findings support Rezdiffra’s role in routine practice.

Key Terms

portal hypertension, noninvasive biomarkers, thyroid hormone receptor (thr)-β agonist, vibrational-controlled transient elastography (vcte), +3 more
7 terms
portal hypertension medical
"examines improvement in ANTICIPATE-NASH risk scores, a marker for clinically significant portal hypertension"
An increase in blood pressure in the portal venous system — the veins that carry blood from the intestines to the liver — usually caused by scarring or blockage in the liver that acts like a traffic jam in a pipe. It matters to investors because it drives demand for treatments, diagnostics and procedures, influences clinical trial outcomes and regulatory decisions, and can materially affect healthcare costs and a company’s commercial prospects in liver-related therapies.
noninvasive biomarkers medical
"real-world evidence with Rezdiffra and the ability of noninvasive biomarkers to predict fibrosis improvement"
Measurable biological signs that can be collected without surgery or other invasive procedures—from blood draws, urine, saliva, scans or wearable sensors—that indicate disease, treatment response, or health status. For investors, noninvasive biomarkers can speed clinical trials, lower development and diagnostic costs, and expand patient access by making tests easier and cheaper to administer; think of them as a car’s dashboard gauges that reveal engine problems without opening the hood.
thyroid hormone receptor (thr)-β agonist medical
"oral, liver-directed thyroid hormone receptor (THR)-β agonist designed to address key underlying causes"
A thyroid hormone receptor (THR)-β agonist is a drug that selectively activates the beta form of the body’s thyroid hormone receptor, acting like a key that fits a specific lock in cells to trigger metabolic effects without turning on thyroid activity throughout the whole body. Investors care because these drugs aim to lower cholesterol and reduce liver fat—addressing large, chronic markets—so clinical results, safety and regulatory approval determine their commercial value and investment risk.
vibrational-controlled transient elastography (vcte) medical
"liver stiffness as measured by vibrational-controlled transient elastography (VCTE), a test that is frequently used"
Vibrational-controlled transient elastography is a noninvasive imaging test that sends a gentle vibration and an ultrasound pulse into the liver to measure tissue stiffness, similar to tapping fruit to judge ripeness. Investors care because how widely the test is adopted, reimbursed, and used as a clinical endpoint affects device sales, healthcare spending, and the market potential for companies making diagnostics or treatments for liver disease.
mri-pdff medical
"Early and Week 52 biomarker (MRI-PDFF, ALT, MRE and PRO-C3) responses to resmetirom predict"
MRI-PDFF (Magnetic Resonance Imaging-Proton Density Fat Fraction) is a medical imaging technique that measures the amount of fat within the liver or other tissues. For investors, it provides a precise way to assess health risks related to fat buildup, which can impact healthcare costs and the valuation of related companies. Its accuracy helps in monitoring treatment progress and predicting potential medical expenses, making it relevant for healthcare decision-making and investment considerations.
mre medical
"Early and Week 52 biomarker (MRI-PDFF, ALT, MRE and PRO-C3) responses to resmetirom predict"
A mineral resource estimate (MRE) is a technical calculation of how much of a metal or mineral likely exists in a project area and how concentrated it is, using drilling, sampling and geological models. For investors it’s like a baker’s recipe that shows how much usable product you can expect and how reliable that forecast is — higher, more certain estimates can boost a project’s value and reduce investment risk.
apoB medical
"examines improvements in lipid profiles for Lp(a), LDL-C and ApoB with Rezdiffra"
Apolipoprotein B (apoB) is a protein that sits on particles carrying cholesterol and fats through the blood; think of it as the ID card on each “bad” cholesterol delivery truck. Higher apoB levels mean more of these atherogenic particles are circulating, which raises the risk of heart disease. Investors watch apoB because tests and drugs that lower it can influence clinical outcomes, regulatory decisions, and the market for cardiovascular treatments and diagnostics.

AI-generated analysis. Not financial advice.

  • Secondary analysis from the Phase 3 MAESTRO-NASH and MAESTRO-NAFLD-1 trials examines improvements in lipid profiles for Lp(a), LDL-C and ApoB with Rezdiffra® (resmetirom)
  • Analysis of two-year data in patients with compensated MASH cirrhosis (F4c) examines improvement in ANTICIPATE-NASH risk scores, a marker for clinically significant portal hypertension
  • Additional abstracts focus on early real-world evidence with Rezdiffra and the ability of noninvasive biomarkers to predict fibrosis improvement in patients treated with Rezdiffra

CONSHOHOCKEN, Pa., May 20, 2026 (GLOBE NEWSWIRE) -- Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL), a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), today announced that multiple abstracts from its Rezdiffra development and real-world evidence programs will be presented at the European Association for the Study of the Liver (EASL) Congress 2026, taking place May 27–30 in Barcelona, Spain.

The presentations highlight the breadth of evidence supporting Rezdiffra, including a secondary analysis on cardiometabolic risk in patients with MASH, non-invasive risk stratification in patients with compensated cirrhosis and early real-world evidence from routine clinical practice.

“The body of data presented at EASL 2026 reinforces Madrigal’s leadership in MASH and clearly supports the continued integration of Rezdiffra into clinical practice as a foundational therapy,” said David Soergel, M.D., Chief Medical Officer of Madrigal. “These analyses extend beyond liver-focused assessments to explore Rezdiffra’s effects on markers of cardiovascular risk and provide important new insights about noninvasive measures of treatment response in patients with moderate to advanced fibrosis (F2-F3) and well-compensated MASH cirrhosis (F4c).”

Madrigal Poster Presentations at the EASL Congress 2026:

TitlePresenter
Reducing CV risk in patients with MASH independent of baseline based on Lp(a) and LDL lowering by resmetirom

Meena Bansal
Baseline ANTICIPATE score and response predicts liver outcome events in a 180 patient MASH cirrhosis cohort treated with resmetirom

Naim Alkhouri
In F0-F1 and F2-F3 MASH, ≥5% weight loss significantly lowers VCTE and ELF independent of biopsy fibrosis improvement; resmetirom and not placebo reduction of ELF and VCTE are associated with biopsy improvement of fibrosis, independent of weight loss

Rohit Loomba
Early real-world effectiveness of resmetirom in adults with metabolic dysfunction associated steatohepatitis and moderate-to-advanced fibrosis

Naim Alkhouri
Twelve-month changes in liver function enzymes and lipids in patients receiving resmetiromChristina Parrinello
Non-invasive test-driven modeling of patient eligibility for resmetirom therapy in MASLD: Data from the German SLD-Registry

Maurice Michel
Early and Week 52 biomarker (MRI-PDFF, ALT, MRE and PRO-C3) responses to resmetirom predict improvements in MASH and liver fibrosis

Rohit Loomba
Machine learning models of non-invasive tests to predict MASH and fibrosis stage based on MAESTRO-NAFLD-1 and MAESTRO-NASH liver biopsiesRohit Loomba

Rezdiffra (resmetirom) is a once-daily, oral, liver-directed thyroid hormone receptor (THR)-β agonist designed to address key underlying causes of MASH. It was the first medication approved for the treatment of MASH in the U.S. and Europe. In the pivotal Phase 3 MAESTRO-NASH biopsy trial, Rezdiffra achieved both fibrosis improvement and MASH resolution primary endpoints. Rezdiffra also reduced liver stiffness, liver fat, liver enzymes and atherogenic lipids in the MAESTRO-NASH trial and improved health-related quality of life. At one year, 91% of patients treated with Rezdiffra 100mg achieved improvement or stabilization of liver stiffness as measured by vibrational-controlled transient elastography (VCTE), a test that is frequently used to monitor treatment response in clinical practice.

Rezdiffra is indicated in conjunction with diet and exercise for the treatment of adults with noncirrhotic MASH with moderate to advanced liver fibrosis (consistent with stages F2 to F3 fibrosis). Continued approval for this indication may be contingent upon verification and description of clinical benefit in ongoing confirmatory trials. Rezdiffra is not approved in any geography for the treatment of patients with cirrhosis.

About MASH
Metabolic dysfunction-associated steatohepatitis (MASH) is a serious liver disease that can progress to cirrhosis, liver failure, liver cancer, the need for liver transplantation and premature mortality. MASH is the leading cause of liver transplantation in women and the second leading cause of all liver transplantation in the U.S., and the fastest-growing indication for liver transplantation in Europe.

Once patients progress to MASH with moderate to advanced liver fibrosis (consistent with stages F2 to F3 fibrosis), the risk of adverse liver outcomes increases dramatically: these patients have a 10 to 17 times higher risk of liver-related mortality as compared to patients without fibrosis.

Patients with MASH who progress to cirrhosis face a 42 times higher risk of liver-related mortality, underscoring the need to treat MASH before complications of cirrhosis develop. MASH is also an independent driver of cardiovascular disease, the leading cause of mortality for patients.

As disease awareness improves and disease prevalence increases, the number of diagnosed patients F2 to F4c MASH is growing.

About Rezdiffra
What is Rezdiffra?
Rezdiffra is a prescribed medicine used along with diet and exercise to treat adults with metabolic dysfunction-associated steatohepatitis (MASH) with moderate to advanced liver scarring (fibrosis), but not with cirrhosis of the liver.

This indication is approved based on improvement of MASH and liver scarring (fibrosis). There are ongoing studies to confirm the clinical benefit of Rezdiffra.

Before you take Rezdiffra, tell your healthcare provider about all of your medical conditions, including if you:

  • have any liver problems other than MASH.
  • have gallbladder problems or have been told you have gallbladder problems, including gallstones.
  • are pregnant or plan to become pregnant. It is not known if Rezdiffra will harm your unborn baby.
    • A pregnancy safety study for women who take Rezdiffra during pregnancy collects information about the health of you and your baby. You or your healthcare provider can report your pregnancy by visiting https://pregnancyregistry.madrigalpharma.com/ or calling 1-800-905-0324.
  • are breastfeeding or plan to breastfeed. It is not known if Rezdiffra passes into your breast milk. Talk to your healthcare provider about the best way to feed your baby if you take Rezdiffra.

Tell your healthcare provider about all the medicines you take, including prescription and over-the-counter medicines, vitamins and herbal supplements.

  • Rezdiffra and other medicines may affect each other, causing side effects. Rezdiffra may affect the way other medicines work, and other medicines may affect how Rezdiffra works.
  • Especially tell your healthcare provider if you take medicines that contain gemfibrozil to help lower your triglycerides, because Rezdiffra is not recommended in patients taking these medicines.
  • Tell your healthcare provider if you are taking medicines such as clopidogrel to thin your blood or statin medicines to help lower your cholesterol.
  • Know the medicines you take. Keep a list of them to show your healthcare provider and pharmacist when you get a new medicine.

What are the possible side effects of Rezdiffra?
Rezdiffra may cause serious side effects, including:

  • liver injury (hepatotoxicity). Stop taking Rezdiffra and call your healthcare provider right away if you develop the following signs or symptoms of hepatotoxicity: tiredness, nausea, vomiting, fever, rash, your skin or the white part of your eyes turns yellow (jaundice) or stomach pain/tenderness.
  • gallbladder problems. Gallbladder problems such as gallstones, or inflammation of the gallbladder, or inflammation of the pancreas from gallstones can occur with MASH and may occur if you take Rezdiffra. Call your healthcare provider right away if you develop any signs or symptoms of these conditions including nausea, vomiting, fever, or pain in your stomach area (abdomen) that is severe and will not go away. The pain may be felt going from your abdomen to your back and the pain may happen with or without vomiting.
  • The most common side effects of Rezdiffra include: diarrhea, nausea, itching, stomach pain, vomiting, dizziness and constipation.

These are not all the possible side effects of Rezdiffra. For more information, ask your healthcare provider or pharmacist.

Call your doctor for medical advice about side effects. You may report side effects to FDA at 1-800-FDA-1088 or www.fda.gov/medwatch. You may also report side effects to Madrigal at 1-800-905-0324.

Please see the full Prescribing Information, including Patient Information, for Rezdiffra.

About Madrigal
Madrigal Pharmaceuticals, Inc. (Nasdaq: MDGL) is a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a liver disease with high unmet medical need. Madrigal’s medication, Rezdiffra (resmetirom), is a once-daily, oral, liver-directed THR-β agonist designed to target key underlying causes of MASH. Rezdiffra was the first medication approved by both the FDA and European Commission for the treatment of MASH with moderate to advanced fibrosis (F2 to F3). An ongoing Phase 3 outcomes trial is evaluating Rezdiffra for the treatment of compensated MASH cirrhosis (F4c). For more information, visit www.madrigalpharma.com and follow us on LinkedIn.

Forward-Looking Statements
This press release includes “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended, including statements related to Rezdiffra’s effects on markers of cardiovascular risk and the potential benefit of Rezdiffra in patients with compensated MASH cirrhosis. Forward-looking statements are subject to a number of risks and uncertainties including, but not limited to: the assumptions underlying the forward-looking statements; our ability to successfully commercialize Rezdiffra in the U.S. and Europe; risks related to obtaining and maintaining regulatory approvals, including, but not limited to, potential regulatory delays or rejections; our history of operating losses and the possibility that we may never achieve or maintain profitability; risks associated with meeting the objectives of our clinical trials, including, but not limited to our ability to achieve enrollment objectives concerning patient numbers (including an adequate safety database), outcomes objectives and/or timing objectives for our trials; any delays or failures in enrollment, and the occurrence of adverse safety events; risks related to the effects of Rezdiffra’s (resmetirom’s) mechanism of action or of any other product candidate; market demand for and acceptance of Rezdiffra; our ability to service indebtedness and otherwise comply with debt covenants; outcomes or trends from competitors; future topline data timing or results; our ability to prevent and/or mitigate cyber-attacks; our ability to protect our intellectual property rights; the uncertainties inherent in clinical testing; uncertainties concerning analyses or assessments outside of a controlled clinical trial; and changes in laws and regulations applicable to our business and our ability to comply with such laws and regulations. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Madrigal undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Please refer to Madrigal’s submissions filed with the U.S. Securities and Exchange Commission (SEC) for more detailed information regarding these risks and uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. Madrigal specifically discusses these risks and uncertainties in greater detail in the sections appearing in Part 1A of its Annual Report on Form 10-K for the year ended December 31, 2025, and as updated from time to time by Madrigal’s other filings with the SEC.

Madrigal may use its website to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor Madrigal’s website in addition to following its press releases, filings with the SEC, public conference calls, and webcasts.

Madrigal Pharmaceuticals, Rezdiffra® and associated logos are trademarks of Madrigal Pharmaceuticals, Inc.

Investor Contact
Tina Ventura, IR@madrigalpharma.com

Media Contact
Christopher Frates, media@madrigalpharma.com


FAQ

What MASH data will Madrigal (NASDAQ: MDGL) present on Rezdiffra at EASL 2026?

Madrigal will present multiple Rezdiffra abstracts at EASL 2026 covering cardiovascular risk markers, portal hypertension risk, and real-world effectiveness. According to Madrigal, the work also includes noninvasive biomarkers and machine learning models to predict MASH and fibrosis stage using MAESTRO trial biopsy data.

How does Rezdiffra affect cardiovascular risk markers like Lp(a), LDL-C and ApoB in MASH patients?

A secondary analysis from the Phase 3 MAESTRO-NASH and MAESTRO-NAFLD-1 trials examines Rezdiffra’s impact on Lp(a), LDL-C and ApoB. According to Madrigal, these lipid profile changes are evaluated as markers of cardiometabolic and cardiovascular risk in patients with MASH receiving Rezdiffra therapy.

What is being shown about Rezdiffra and portal hypertension risk in compensated MASH cirrhosis at EASL 2026?

Two-year data in patients with compensated MASH cirrhosis evaluate changes in ANTICIPATE-NASH risk scores with Rezdiffra. According to Madrigal, this score is used as a marker for clinically significant portal hypertension, supporting noninvasive risk stratification in well-compensated MASH cirrhosis (F4c).

What early real-world evidence on Rezdiffra in MASH with fibrosis will be presented at EASL 2026?

Madrigal will present early real-world effectiveness data on Rezdiffra in adults with MASH and moderate-to-advanced fibrosis. According to Madrigal, these data come from routine clinical practice and complement MAESTRO trial results on liver enzymes, lipids, liver stiffness and noninvasive treatment-response markers.

What were the key Phase 3 MAESTRO-NASH results for Rezdiffra in MASH and fibrosis?

In the pivotal MAESTRO-NASH biopsy trial, Rezdiffra met both primary endpoints of fibrosis improvement and MASH resolution. According to Madrigal, Rezdiffra also reduced liver stiffness, liver fat, liver enzymes and atherogenic lipids, and 91% on 100 mg achieved improved or stable liver stiffness at one year.

What is Rezdiffra’s current MASH indication and is it approved for cirrhosis?

Rezdiffra is indicated with diet and exercise for adults with noncirrhotic MASH and moderate to advanced fibrosis (F2–F3). According to Madrigal, continued approval may depend on confirmatory trials, and Rezdiffra is not approved anywhere for treating patients with cirrhosis, including MASH cirrhosis.