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Stock impact report

Galectin Therapeutics: Runway With Convertible Financing But Dilution Overhang Remains [Seeking Alpha]

Galectin Therapeutics Inc. (GALT) 
Last galectin therapeutics inc. earnings: 11/12 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
These results were, on paper, supportive antifibrotic biomarker trends. That's why GALT is now pushing additional subgroup/biomarker analyses. This means they'll do a longer follow-up, but a pivotal trial design and FDA acceptance of endpoints remain unresolved. GALT has now become overwhelmingly concentrated in Belapectin for MASH cirrhosis as its main value driver. Yet, its cash runway already looks tight, and Belapectin's pathway going forward seems somewhat uncertain. Thus, I feel a neutral rating at these levels is justified. Natali_Mis/iStock via Getty Images Galectin Therapeutics Inc. ( GALT ) is a clinical-stage biotechnology company that develops Belapectin, a galectin-3 inhibitor aimed at treating advanced fibrotic liver disease and selected oncology indications. Unfortunately, their NAVIGATE Phase 2b/3 trial failed to meet its primary endpoint, but This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in a Show less Read more
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