Recapitalization

12 Months Ended

Dec. 31, 2016

Recapitalization

Recapitalization

13. Recapitalization

        Private Madrigal's historical (pre-merger) common stock, including share and per share amounts, have been retroactively adjusted to reflect the common stock of the post-merger combined company based upon the exchange ratio established in the Merger Agreement as adjusted for the one-for-35 reverse stock split effected by Synta immediately prior to the Merger. As a result, each outstanding share of private Madrigal common stock was exchanged for 0.1593 shares of common stock of the post-merger combined company. The recapitalization of the Company has been retrospectively applied to 2015.