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Synta Will Sing A New Tune As Madrigal

This article was originally published in Scrip

Executive Summary

Synta Pharmaceuticals Corp. will sing a new tune as Madrigal Pharmaceuticals Inc. after an all-stock reverse merger that will give Madrigal shareholders a 64% stake in the combined company, which will focus on cardiovascular, metabolic and liver diseases instead of Synta's failed cancer programs.