Galectin Therapeutics(GALT)
Search documents
Galectin Therapeutics Reports Financial Results for the quarter ended September 30, 2025, and Provides Business Update
Globenewswire· 2025-11-14 13:00
Core Viewpoint - Galectin Therapeutics reported positive clinical data for belapectin, indicating its potential to slow disease progression in patients with compensated MASH cirrhosis, and submitted the NAVIGATE data package to the FDA for feedback on next steps [2][4]. Clinical Data Summary - The NAVIGATE trial presented at AASLD showed consistent improvements in key biomarkers, including FibroScan, ELF, and PRO-C3, supporting belapectin's antifibrotic activity [2][4]. - Belapectin demonstrated a significant reduction in clinically significant portal hypertension (CSPH) risk categories, with a decrease from 33.3% to 25.9% in the 2 mg/kg group, compared to a smaller decrease from 34.2% to 32.9% in the placebo group [8]. - The treatment also improved the no/low-risk category for CSPH, increasing from 42.0% to 56.8% in the belapectin group versus an increase from 44.7% to 51.3% in the placebo group [8]. Financial Highlights - As of September 30, 2025, the company reported cash and cash equivalents of $11.5 million, with total assets of $12.9 million [14]. - Research and development expenses for Q3 2025 were $2.6 million, a decrease from $7.6 million in Q3 2024, primarily due to the timing of expenditures related to the NAVIGATE trial [6][12]. - The net loss applicable to common stockholders for Q3 2025 was $8.2 million, or ($0.13) per share, compared to a net loss of $11.2 million, or ($0.18) per share in Q3 2024 [12][13].
Galectin Therapeutics(GALT) - 2025 Q3 - Quarterly Results
2025-11-14 12:55
Exhibit 99.1 Galectin Therapeutics Reports Financial Results for the quarter ended September 30, 2025, and Provides Business Update NORCROSS, Ga., November 14, 2025 (GLOBE NEWSWIRE) – Galectin Therapeutics, Inc. (NASDAQ: GALT), the leading developer of therapeutics that target galectin proteins, today reported financial results and provided a business update for the three and nine months ended September 30, 2025. "The new NAVIGATE data presented at AASLD further strengthen the clinical and mechanistic profi ...
Galectin Therapeutics(GALT) - 2025 Q3 - Quarterly Report
2025-11-14 12:50
Clinical Trials and Efficacy - The company has completed randomizations totaling 357 patients in the NAVIGATE trial, a Phase 2b/3 clinical study evaluating the safety and efficacy of belapectin for preventing esophageal varices in NASH cirrhosis patients [113]. - In the intent-to-treat population (N=355), the incidence of varices was reduced by 43.2% in the belapectin 2 mg/kg dose group compared to placebo, although the composite endpoint did not reach statistical significance [114]. - In the per-protocol population (n=287), the incidence of varices was reduced by 49.3% in the belapectin 2 mg/kg dose group, with a p-value < 0.05 [114]. - In the U.S. cohort (n=186), the incidence of varices was significantly reduced by 68.1% in patients treated with belapectin 2 mg compared to placebo (4 out of 60 vs 13 out of 62) [114]. - The NASH-FX trial did not meet its primary endpoint, with no significant efficacy results in advanced liver fibrosis patients, although belapectin was found safe and well tolerated [129]. - The NASH-CX trial involved 162 patients and showed a statistically significant reduction in hepatic venous pressure gradient (HVPG) of -1.08 mm Hg (p<0.01) for the 2 mg/kg LBM dose in patients without esophageal varices at baseline [132]. - In the NASH-CX trial, the belapectin 2 mg/kg group had a 0% incidence of new varices compared to 18% in the placebo group, indicating a significant reduction in portal pressure and varice development [134]. - The NAVIGATE trial reported a 43.2% reduction in varices incidence in the intent-to-treat population for the belapectin 2 mg/kg group, although the composite endpoint did not reach statistical significance [139]. - In the per-protocol population of the NAVIGATE trial, the incidence of varices was reduced by 49.3% (p<0.05) in the belapectin 2 mg/kg group [139]. - The NAVIGATE trial showed a significant reduction of 68.1% in varices incidence in U.S. patients treated with belapectin 2 mg/kg (4 out of 60) compared to placebo (13 out of 62) (p=0.02) [139]. - Promising results were reported in the Phase 1b trial combining belapectin with pembrolizumab, showing a 50% objective response rate in advanced melanoma patients [150]. Safety Profile - The safety profile of belapectin remains encouraging, with rates of adverse events and serious adverse events comparable to placebo, and no drug-related serious adverse events reported in the NAVIGATE trial [115]. - The safety profile of belapectin in the NAVIGATE trial was encouraging, with no drug-related serious adverse events reported [140]. - The Company completed a Hepatic Impairment Study involving approximately 40 patients, indicating that belapectin exposure did not increase with the degree of hepatic insufficiency [147]. Financial Performance - Research and development expenses for the three months ended September 30, 2025, were $2,612,000, a decrease of $4,983,000 (66%) compared to $7,595,000 in the same period of 2024 [153]. - For the nine months ended September 30, 2025, research and development expenses totaled $12,358,000, down $13,104,000 (51%) from $25,462,000 in 2024 [153]. - General and administrative expenses for the three months ended September 30, 2025, were $1,587,000, an increase of $116,000 (8%) compared to $1,471,000 in 2024 [157]. - For the nine months ended September 30, 2025, general and administrative expenses decreased by $180,000 (4%) to $4,363,000 from $4,543,000 in 2024 [157]. - Net cash used in operations decreased by $11,143,000 to $17,833,000 for the nine months ended September 30, 2025, compared to $28,976,000 for the same period in 2024 [159]. - Cash provided by financing activities decreased by $16,138,000 to $14,238,000 for the nine months ended September 30, 2025, compared to $30,376,000 in 2024 [159]. - As of September 30, 2025, the company had $11.5 million in unrestricted cash and cash equivalents, along with a $10 million line of credit available [158]. - The NAVIGATE clinical trial expenses decreased significantly, contributing to the overall reduction in research and development costs [154]. - The company anticipates needing additional cash to fund operations beyond June 30, 2026 [158]. Strategic Developments - The company is analyzing data from approximately 55 patients who completed 36 months of treatment, which may attract interest from potential strategic partners [116]. - A new IND for advanced or metastatic head and neck cancer using belapectin in combination with a PD-1 inhibitor has been filed, with the trial commencement dependent on financing [120]. - The company has established a joint venture subsidiary, Galectin Sciences LLC, to develop small molecules that inhibit galectin-3, potentially expanding the uses of galectin-3 inhibitors beyond belapectin [119]. - The company is focused on developing belapectin for NASH cirrhosis and head and neck cancer, with ongoing clinical trials and favorable results reported in 2023 [123]. - The company plans to file a phase 2 trial with the FDA for belapectin in combination with an immune checkpoint inhibitor for recurrent or metastatic head and neck cancer [151]. - The Company activated over 150 clinical trial sites in 14 countries for the NAVIGATE trial, although enrollment was impacted by the COVID-19 pandemic [144].
Galectin Therapeutics Presented NAVIGATE Trial Results at the American Association for the Study of Liver Diseases (AASLD) 2025 Annual Meeting
Globenewswire· 2025-11-10 13:00
Core Insights - Galectin Therapeutics Inc. presented findings from the NAVIGATE study, focusing on the efficacy of belapectin, a galectin-3 inhibitor, in treating patients with compensated MASH cirrhosis and portal hypertension [1][2] Study Overview - The NAVIGATE trial was a Phase 2b randomized, double-blind, placebo-controlled study involving 355 patients, assessing the effects of belapectin administered at doses of 2 mg/kg and 4 mg/kg every other week for 18 months [2] - The study aimed to evaluate the impact of belapectin on the incidence of new esophageal varices and liver fibrosis progression [2][4] Efficacy Results - Belapectin 2 mg/kg showed a significantly lower incidence of new varices compared to placebo, particularly in patients with an ELF score >11.3 (22.7% vs 42.9%) [3][4] - At 18 months, patients receiving 2 mg/kg belapectin achieved a mean reduction of 6.4 ng/mL in Pro-C3 levels, indicating over 50% improvement from baseline [3][5] - The treatment also demonstrated a lower incidence of clinically meaningful worsening in liver stiffness compared to placebo, suggesting a slowing of fibrosis progression [4] Biomarker Analysis - Analysis of YKL-40 showed a ≥20% reduction in a higher proportion of patients treated with belapectin 2 mg/kg compared to placebo (33.8% vs 23.1%), supporting its antifibrotic activity [6][7] - PRO-C4 analysis indicated a ≥20% increase from baseline occurred more frequently in placebo-treated patients (13% vs 3%), reinforcing belapectin's potential to modify disease progression [7] Long-term Outcomes - The reduction in new varices observed at 18 months was sustained through 36 months, with cumulative incidences of new varices at 36 months being 23.4% for placebo, 12.4% for 2 mg/kg, and 16.7% for 4 mg/kg cohorts [8] - The safety profile of belapectin remained favorable, with adverse events comparable across treatment groups and no drug-related serious adverse events reported [9] Expert Commentary - Experts highlighted the long-term NAVIGATE data as significant, noting the sustained improvements in liver stiffness and biomarkers, which suggest a consistent antifibrotic effect [10] - The company expressed optimism about advancing regulatory discussions and exploring partnerships to further develop belapectin, emphasizing its potential to address a significant unmet medical need in MASH cirrhosis [10][11]
Galectin Therapeutics (NasdaqCM:GALT) Conference Transcript
2025-10-21 12:02
Summary of Galectin Therapeutics Conference Call Company Overview - **Company**: Galectin Therapeutics (NasdaqCM:GALT) - **Event**: Conference at HC Wainwright's Virtual Liver Disease Conference on October 21, 2025 Key Points on MASH Cirrhosis and Palipectin - **Lead Compound**: Palipectin, a proprietary galectin-3 inhibitor, is in development for patients with MASH cirrhosis and portal hypertension [4][5] - **Clinical Need**: MASH cirrhosis with portal hypertension is a serious and underserved condition in hepatology, with no FDA-approved therapies available to reverse portal hypertension once developed [5][6] - **Epidemiology**: Approximately 1% of the U.S. population may have MASH cirrhosis and portal hypertension [5] - **Mechanism of Action**: Palipectin blocks the galectin-3 pathway, which is a key driver of fibrosis, offering antifibrotic activity [4][5] Clinical Trial Insights - **Phase 2B GD26 Study**: Palipectin at 2 mg prevented the development of new varices in patients without varices at baseline, significantly reducing hepatic venous pressure gradient [7][8] - **Navigate Trial**: Enrolled 357 patients with compensated MASH cirrhosis and portal hypertension, assessing the incidence of new varices as the primary endpoint [9][10] - **Results**: In the ITT population, there was a 43% lower incidence of varices in the 2 mg group compared to placebo (12 vs. 21 varices) [11] - **U.S. Subgroup Findings**: Results were more remarkable in the U.S. subgroup, showing significant reduction in varices incidence [12] Safety and Efficacy - **Safety Profile**: Palipectin exhibited a favorable safety profile with low discontinuation rates due to adverse events and no serious drug-related adverse events reported [16][17] - **Biomarker Evidence**: Non-invasive markers showed improvement in liver stiffness and a significant reduction in fibrosis markers in the palipectin group compared to placebo [14][15][17] Market Opportunity - **Strategic Advantage**: Palipectin's unique mechanism positions it favorably against other therapies in development, addressing a critical unmet need in MASH cirrhosis treatment [6][17] - **Combination Potential**: There is potential for synergy between palipectin and metabolic agents, which could expand its therapeutic value [12][17] Conclusion - **Future Directions**: Galectin Therapeutics is focused on advancing discussions with regulatory agencies and identifying partners to move the program forward, aiming to bring meaningful advances to patients with MASH cirrhosis [17]
Galectin Therapeutics to Present at the H.C. Wainwright 9th Annual MASH Investor Conference
Globenewswire· 2025-10-20 12:00
Core Insights - Galectin Therapeutics, Inc. will participate in the H.C. Wainwright 9 Annual MASH Virtual Investor Conference on October 21, 2025 [1][2] - The management team, including CEO Joel Lewis and CMO Khurram Jamil, will be available for one-on-one meetings during the conference [3] Company Overview - Galectin Therapeutics focuses on developing novel therapies for chronic liver disease and cancer, with its lead drug belapectin targeting the galectin-3 protein [4] - Belapectin has received Fast Track designation from the U.S. FDA and is primarily being developed for metabolic dysfunction-associated steatohepatitis (MASH) with cirrhosis [4] - The company is also exploring treatments for advanced head and neck cancers and other malignancies, with further development dependent on finding suitable partners [4]
Galectin Therapeutics to Present at the American Association for the Study of Liver Disease (AASLD) Liver Meeting 2025
Globenewswire· 2025-10-07 12:00
Core Insights - Galectin Therapeutics Inc. is participating in the AASLD Liver Meeting 2025, presenting data from the NAVIGATE trial on belapectin for MASH cirrhosis treatment [1][2] - The NAVIGATE trial data has been recognized for its significance in addressing the urgent need for therapies in MASH cirrhosis, highlighting belapectin's potential impact on treatment [2] Presentation Details - The oral presentation titled "Belapectin Reduces Liver Stiffness Progression and Prevents Varices at 18 Months in MASH Cirrhosis: Results from the NAVIGATE Trial" will take place on November 10, 2025 [3] - A poster presentation titled "Belapectin Maintains a Favorable Trend in Reducing Variceal Development Over 36 Months in MASH Cirrhosis: Results from the NAVIGATE Trial" is scheduled for November 8, 2025 [3] Company Overview - Galectin Therapeutics focuses on developing therapies for chronic liver disease and cancer, with belapectin as its lead drug targeting galectin-3 [4] - The company has received Fast Track designation from the FDA for belapectin, which is aimed at treating MASH with cirrhosis, a significant medical need [4] - Additional development programs include cancer immunotherapy, with the success of these programs dependent on finding suitable partnerships [4]
Morning Market Movers: XELB, BTTC, ASTC, MSGY See Big Swings
RTTNews· 2025-10-03 12:17
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Xcel Brands, Inc. (XELB) increased by 48% to $2.57 [3] - Astrotech Corporation (ASTC) rose by 21% to $5.85 [3] - Rumble Inc. (RUM) saw a 13% increase to $8.36 [3] - ClearPoint Neuro, Inc. (CLPT) gained 9% reaching $27.38 [3] - USA Rare Earth, Inc. (USAR) also increased by 9% to $24.92 [3] - Q/C Technologies, Inc. (QCLS) rose by 8% to $5.51 [3] - Lazydays Holdings, Inc. (GORV) increased by 8% to $2.61 [3] - K Wave Media Ltd. (KWM) saw a 7% rise to $2.78 [3] - Galectin Therapeutics Inc. (GALT) increased by 6% to $4.53 [3] - Wrap Technologies, Inc. (WRAP) rose by 6% to $2.86 [3] Premarket Losers - Black Titan Corporation Ordinary Shares (BTTC) decreased by 29% to $16.80 [4] - Masonglory Limited (MSGY) fell by 14% to $2.54 [4] - Aspire Biopharma Holdings, Inc. (ASBP) declined by 12% to $0.37 [4] - Urban One, Inc. (UONE) saw an 11% drop to $1.15 [4] - Reitar Logtech Holdings Limited (RITR) decreased by 7% to $2.74 [4] - Iveda Solutions, Inc. (IVDA) fell by 7% to $1.88 [4] - Erayak Power Solution Group Inc. (RAYA) decreased by 6% to $4.93 [4] - Megan Holdings Limited (MGN) saw a 6% drop to $3.32 [4] - Werewolf Therapeutics, Inc. (HOWL) declined by 5% to $1.81 [4] - SOS Limited (SOS) decreased by 4% to $2.04 [4]
Stitch Fix Posts Q4 Results, Joins Transocean, MBX Biosciences And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - Bloom Energy (NYSE:BE), Amprius Technologies (NYSE:AMPX)





Benzinga· 2025-09-25 12:24
Group 1: Stitch Fix, Inc. - Stitch Fix reported a quarterly loss of $0.07 per share, which was better than the consensus estimate of a loss of $0.10 per share [1] - The company's quarterly revenue was $311.22 million, exceeding the Street estimate of $305.83 million [1] - Despite the positive revenue results, Stitch Fix shares dipped 7.6% to $5.21 in pre-market trading [1] Group 2: Other Stocks - Transocean Ltd. saw a decline of 14.7% to $3.10 following the announcement of an upsized public offering of shares [4] - Nanobiotix S.A. fell 9.8% to $14.83 after previously gaining over 15%, related to new results from a Phase 1 study [4] - MBX Biosciences, Inc. dropped 5.5% to $19.00 due to the pricing of an upsized public offering [4] - Other companies such as Galectin Therapeutics Inc., Amprius Technologies, Inc., and Canaan Inc. also experienced declines in pre-market trading [4]
Galectin Therapeutics Inc. (GALT) Surges on Promising Belapectin Trial Data and Strong Financials
Insider Monkey· 2025-09-23 23:21
Group 1: AI Investment Opportunity - Artificial intelligence is identified as the greatest investment opportunity of our lifetime, with a strong emphasis on the urgency to invest now [1] - Wall Street is investing hundreds of billions into AI, but there is a critical question regarding the energy supply needed to support this technology [2] - AI data centers consume massive amounts of energy, comparable to the energy usage of small cities, leading to concerns about power grid strain and rising electricity prices [2] Group 2: Company Overview - A specific company is highlighted as a potential investment opportunity, owning critical energy infrastructure assets that are essential for supporting the anticipated surge in AI energy demand [3][6] - This company is positioned as a "toll booth" operator in the AI energy boom, benefiting from the increasing need for electricity as AI technologies expand [4][5] - It is noted that the company is debt-free and has a significant cash reserve, amounting to nearly one-third of its market capitalization, which provides financial stability [8] Group 3: Market Position and Growth Potential - The company plays a pivotal role in U.S. LNG exportation and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7] - It also holds a substantial equity stake in another AI-related company, offering investors indirect exposure to multiple growth engines in the AI sector [9] - The company is trading at a low valuation, less than 7 times earnings, which presents a compelling investment opportunity given its critical infrastructure and growth potential [10] Group 4: Future Trends and Talent Pool - The future of energy is closely tied to AI, with a focus on the need for infrastructure to support this technological advancement [6][14] - There is a significant influx of talent into the AI field, ensuring continuous innovation and advancements, which further solidifies the investment case for companies involved in AI and energy [12]