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Madrigal Statement on the Passing of Dr. Stephen Harrison

Key Takeaway: Madrigal has expressed deep sorrow over the passing of Dr. Stephen Harrison, a valued colleague and friend. Dr. Harrison was recognized for his tireless efforts to improve the lives of patients with nonalcoholic steatohepatitis (NASH) and left a profound impact on the field. His contributions and collaborations with various sectors will continue to influence NASH research for many years. Madrigal honors his legacy and the joy he brought to those around him.
Price reaction · baseline $218.38 (2024-04-23 close) · hit after-hours · clean, no other MDGL news in the window
day 0 close
-6.3%
day 1 · peak
-11%
day 3
-7.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Dr. Harrison made significant contributions to NASH research.
  • He inspired many through his commitment to patient care.

CONCERNS & RISKS

  • The article discusses the loss of a key figure in hepatology.
  • His passing is a significant loss for the Madrigal team and the field.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+125%
120-day peak, hindsight
Typical move
4.2%
average across 7 past catalysts
Cash runway
~45 mo
Minimal dilution risk
Lead asset
Resmetirom
Phase 3 · Non-Alcoholic Fatty Liver Disease

Full Press Release Details

CONSHOHOCKEN, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- The Madrigal team is shocked and saddened to learn of the passing of Dr. Stephen Harrison.
We offer our deepest condolences to Stephen’s family for their loss.
Stephen was a colleague and friend to so many of us at Madrigal. He worked tirelessly to improve the lives of people with nonalcoholic steatohepatitis (NASH), and his contributions to the field will touch countless families across the globe for decades to come. So many of the recent innovations and achievements we’ve seen in NASH research stemmed from his constant collaboration with partners in academia, industry, the regulatory sciences, and the patient community.
Stephen was much more than a brilliant investigator and physician; he was a true leader who inspired all of us with his commitment to patients. We’ll remember his sense of humor, his courtesy, and his boundless energy and optimism.
The field of hepatology has lost a true giant.

Frequently Asked Questions

What was Dr. Stephen Harrison known for?

Dr. Stephen Harrison was known for his contributions to nonalcoholic steatohepatitis (NASH) research.

How did Madrigal respond to Dr. Harrison's passing?

Madrigal expressed deep condolences to Dr. Harrison's family and mourned his loss.

What qualities did Dr. Harrison have as a leader?

He was recognized for his commitment to patients, humor, courtesy, and energy.

Why is Dr. Harrison's work significant for NASH?

His innovations in NASH research will impact countless families for decades.

How did Dr. Harrison collaborate within the scientific community?

He worked closely with academia, industry, regulatory sciences, and patients.

Last updated: Apr 24, 2024