Madrigal Pharmaceuticals Inc.’s stock MDGL rose 5% Friday after the company said it has started a rolling submission of a New Drug Application to the U.S. Food and Drug Administration seeking accelerated approval of its resmetirom as a treatment for, nonalcoholic steatohepatitis, or
is a more severe version of nonalcoholic fatty liver disease, or NAFLD, a range of conditions that occurs when excess fat builds up in liver cells. An estimated 25% of Americans have NAFLD, while about 20% of those patients end up developing , with liver fibrosis. , in which the inflammation and cell damage caused by the fat buildup can cause cirrhosis and liver failure. The disease is one of the main reasons patients require liver transplants. Resmetirom was granted FDA Breakthrough Therapy designation in April for the treatment of