Madrigal, Deciphera raise money after readouts

Madrigal Pharmaceuticals Inc. (NASDAQ:MDGL) and Deciphera Pharmaceuticals Inc. (NASDAQ:DCPH) each priced upsized offerings late Wednesday. Each company's stock has risen sharply in recent days after auspicious data readouts.

Madrigal raised $300 million through the sale of 983,607 shares at $305 in a follow-on underwritten by Goldman Sachs, Cowen, JMP Securities, Roth Capital Partners and H.C. Wainwright. The price is a 1% premium to Madrigal's closing price of $301.03 on Tuesday, when it proposed after market hours to raise $200 million. Madrigal gained $12.87 to $313.90 on Wednesday; it was off $32.84 (11%) to $281.06 on Thursday...