2024-06-07 07:21:34 ET
Summary
- Galectin Therapeutics is focused on developing therapies that target galectin proteins related to conditions such as metabolic dysfunction-associated steatohepatitis, cirrhosis, and cancer.
- Its leading drug candidate, belapectin, is a galectin-3 inhibitor with promising results for treating NASH cirrhosis, a severe liver disease without an FDA-approved therapy.
- The company is researching potential new indications for belapectin in fibrosis in different organs and cancer immunotherapy.
- GALT's financial constraints include a high cash burn rate, significant debt, and a limited cash runway.
- Galectin's belapectin presents a significant market opportunity in cirrhosis but faces competitive and financial challenges, leading to a "hold" rating.
Galectin Therapeutics Inc. ( GALT ) is a biotechnology company focused on developing therapies that target galectin proteins related to conditions such as metabolic dysfunction-associated steatohepatitis (MASH), cirrhosis, and cancer. Galectins, specifically galectin-3, are involved in inflammation, fibrosis, and tumor growth by binding to carbohydrates on cell surfaces, stimulating pathological disease processes. Thus, GALT's leading drug candidate, belapectin, is a galectin-3 inhibitor with promising results for treating NASH cirrhosis, a severe liver disease without an FDA-approved therapy....
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Galectin Therapeutics: Neutral On Belapectin For NASH Cirrhosis Amid Financial Challenges