Exhibit 99.1
Madrigal Appoints Jacqualyn A. Fouse, Ph.D. to Its Board of Directors
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Fred Craves, Ph.D. to retire from Madrigals Board of Directors in July 2025 |
CONSHOHOCKEN, Pa., Mar. 11, 2025 Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL), a biopharmaceutical company focused on delivering novel
therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), today announced it has appointed Jacqualyn (Jackie) Fouse, Ph.D. to its Board of Directors. Fred Craves, Ph.D. is retiring from the Board in July 2025.
Julian Baker, Chairman of the Board of Directors, stated, I am delighted to welcome Jackie Fouse to Madrigal. Jackie is an accomplished biotech
executive who brings more than 30 years of healthcare industry and finance experience to the Madrigal Board. She will be a tremendous asset for Madrigal as the Company continues to grow and evolve.
Mr. Baker continued, On behalf of the Board, I would like to thank Fred Craves for his many years of service to Madrigal. From the outset of the
Company through today, Freds leadership has been an invaluable part of Madrigals success.
Bill Sibold, Chief Executive Officer of
Madrigal, added, Jackie Fouses appointment to our Board of Directors reflects Madrigals commitment to long-term leadership in MASH. I look forward to working with her to drive the launch of Rezdiffra, expand geographically, advance
our clinical program in compensated MASH cirrhosis, and build our pipeline. Id also like to thank Fred Craves for the instrumental role he has played at Madrigal for more than 15 years.
Dr. Fouse was previously Chief Executive Officer of Agios Pharmaceuticals from 2019 to 2022 and currently serves as the Chair of the Board of Agios.
Prior to joining Agios, she served in executive leadership roles at Celgene Corporation including President and Chief Operating Officer, President, Global Hematology & Oncology, and Chief Financial Officer. Before joining Celgene,
Dr. Fouse served as chief financial officer of Bunge Limited, a leading global agribusiness and food company. Prior to Bunge, she served as Senior Vice President, Chief Financial Officer, and Head of Corporate Strategy at Alcon Laboratories, a
leading ophthalmic pharmaceutical and medical device company. Prior to her tenure with Alcon, she held a variety of senior leadership roles with international companies. Dr. Fouse earned her B.A. and M.A. in economics and a Ph.D. in finance
from the University of Texas at Arlington. She also holds an M.S. in environmental management from Yale and an M.S. in wildlife forensics and conservation from the University of Florida.
Dr. Fouse stated, I am thrilled to be joining the Board of Directors of Madrigal, a company that has transformed care for patients with MASH. After
years of challenges and setbacks in MASH drug development, Madrigal broke through with the first approved treatment, and the early launch of Rezdiffra has demonstrated the compelling benefit that this innovative medicine represents for patients. I
look forward to working with this team that has successfully developed and launched Rezdiffra to deliver on Madrigals growth objectives in the years ahead.
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