Madrigal Pharmaceuticals shares fall after new CEO named

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Madrigal Pharmaceuticals shares fall after new CEO named
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Shares of Madrigal Pharmaceuticals Inc. fell more than 7% premarket on Monday after the company appointed Bill Sibold, a former Sanofi executive, as its new...

Shares of Madrigal Pharmaceuticals Inc.

fell more than 7% premarket on Monday after the company appointed Bill Sibold, a former Sanofi SNY, +1.06% executive, as its new CEO. Sibold succeeds Dr. Paul Friedman, the company’s CEO since 2016, who will continue to serve on the board of directors, Madrigal said in a release.

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