Galectin Therapeutics Inc (GALT) is Downgraded by ROTH Capital to Sell

Galectin Therapeutics Inc (GALT) was Downgraded by ROTH Capital to ” Sell”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Sep 28, 2016.

Galectin Therapeutics Inc closed down -0.05 points or -1.98% at $2.47 with 11,01,539 shares getting traded on Tuesday. Post opening the session at $2.5, the shares hit an intraday low of $2.34 and an intraday high of $2.529 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 21, 2016, James C Czirr (director) sold 44,312 shares at $1.65 per share price. According to the SEC, on Jan 7, 2016, Arthur Greenberg (director) purchased 1,666 shares at $1.72 per share price. On Dec 2, 2015, Gilbert F Amelio (director) sold 100 shares at $2.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Galectin Therapeutics Inc. is a biopharmaceutical company engaged in drug research and development to create therapies for fibrotic disease and cancer. The company’s drug candidates are based on its method of targeting galectin proteins which are mediators of biologic and pathologic functions. It uses naturally occurring readily-available plant materials as starting material in manufacturing processes to create complex carbohydrates with specific molecular weights and other pharmaceutical properties. The Company has two compounds in development GRMD02 and GMCT01 both of which have shown promise in preclinical studies in treatment of fibrosis and in cancer therapy. The Company is focusing on the development of GRMD02 intended to be used in the treatment of liver fibrosis and fatty liver disease and in cancer therapy in combination with immunesystem modifying agent(s).

Galectin Therapeutics Inc

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Galectin Therapeutics Inc - Is it time to Sell?

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