Madrigal Pharmaceuticals is relocating to support expanding office and research and development operations in West Conshohocken. The 25-year-old public drugmaker is moving about one mile from its previous location.
The company developed the first FDA-approved pill to treat liver disease MASH nearby. Madrigal will occupy three floors at Keystone’s 1K1 building at 1001 Conshohocken State Road.
The company leased 54,000 square feet at the Four Falls Corporate Center for its headquarters. The 254,000-square-foot building is owned by Keystone.
Madrigal generated more than $600 million in sales during the first three quarters of 2025. The new space is 86% larger than its former 29,000-square-foot office at Four Tower Bridge.
The company employs approximately 200 workers.
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