WEST CONSHOHOCKEN, PA — A new biopharmaceutical company held a ribbon cutting ceremony in West Conshohocken recently, the latest in a string of moves by the pharma industry in Montgomery County.
Madrigal Pharmaceuticals has opened its new headquarters on located on 1001 Conshohocken State Road.
"The opening of our new Conshohocken headquarters is an exciting milestone for Madrigal and a reflection of how far we have come as a company," Bill Sibold, the chief executive officer of Madrigal, shared in a statement. "As we continue to grow and build for the future, our new headquarters gives our teams a place to come together, collaborate and stay connected to the patients who inspire our work every day."
Madrigal was founded by a group of local researchers and has steadily grown into a multi-billion dollar, publicly traded enterprise. They have 1,000 global employees, with 300 based at the new, expanded headquarters.
They were previously headquartered down the road on Barr Harbor Drive.
Madrigal is a clinical stage biopharma company, as they work on therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a serious liver disease.
Massive pharma developments are coming elsewhere to Montgomery County, including GSK in King of Prussia and Johnson and Johnson in Lower Gwynedd.
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