Shares of Galectin Therapeutics (NASDAQ: GALT) are up more than 8% this morning on the company’s report of positive results from an exploratory, phase 2a clinical trial with GR-MD-02 in patients with moderate-to-severe plaque psoriasis. The research, which was done in partnership with San Antonio Military Medical Center, shows that GR-MD-02 achieved an average PASI (Psoriasis Area and Severity Index) reduction of over 50% in all patients that participated in the 24-week trial. The data also showed no serious adverse events, further demonstrating the safety and efficacy of this novel investigational drug in this patient population. The company will be presenting data at Maui Derm for Dermatologists on March 20-23, 2017, in Maui, Hawaii. “Moreover, the activity of GR-MD-02 in a human disease strongly associated with non-alcoholic steatohepatitis (NASH) and increased galectin-3 expression suggests that our lead compound may also show significant activity in NASH, which remains the company’s primary target,” president, chief medical officer and CEO Peter G. Traber, M.D. stated in the news release.
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About Galectin Therapeutics
Galectin Therapeutics is developing promising carbohydrate-based therapies for the treatment of fibrotic liver disease and cancer based on the company’s unique understanding of galectin proteins, which are key mediators of biologic function. Galectin seeks to leverage extensive scientific and development expertise as well as established relationships with external sources to achieve cost-effective and efficient development. The company is pursuing a development pathway to clinical enhancement and commercialization for its lead compounds in liver fibrosis and cancer. Additional information is available at www.galectintherapeutics.com.
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