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Galectin Therapeutics Receives Notice of Chinese Allowance to Grant a Key Patent for Composition of Matter for GR-MD-02

GALECTIN THERAPEUTICS (GALT)  More Company Research Source: GlobeNewswire
Last galectin therapeutics earnings: 11/13 08:00 am Check Earnings Report
PDF NORCROSS, Ga., Sept. 12, 2017 (GLOBE NEWSWIRE) -- Galectin Therapeutics, Inc. (NASDAQ:GALT), the leading developer of therapeutics that target galectin proteins, today announced that the Company has received a Decision to Grant from the Chinese Patent Office for its patent application for “Composition of Novel Carbohydrate Drug for Treatment of Human Diseases.” When issued, the patent will extend composition of matter coverage of the Company's lead compound, GR-MD-02, to China. The patent coverage period extends through 2032. This is one of more than 50 patent applications Galectin Therapeutics, Inc. has pending in 10 foreign countries. GR-MD-02, a proprietary polysaccharide pharmaceutical preparation that inhibits galectin proteins, is currently in a Phase 2 clinical trial in subjects with NASH with cirrhosis and is in preclinical testing for lung, kidney and cardiovascular fibrosis. GR-MD-02 is also being studied in two clinical trials at Providence Portland Medical Center in a [Read more]

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