Galectin Therapeutics (NASDAQ: GALT) this morning said it has received a decision from the Japanese Patent Office to grant its patent application for “Composition of Novel Carbohydrate Drug for Treatment of Human Diseases.” Upon issuance, the patent will expand coverage of the company’s lead compound, GR-MD-02, to Japan through 2032. “The allowance of these claims in Japan further strengthens the protection of the intellectual property behind our proprietary compound, GR-MD-02. This is especially important in Japan, which was recently declared the second most attractive drug market in the world,” Galectin CEO and chief medical officer Peter G. Traber, M.D. stated in the news release.
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About Galectin Therapeutics
Galectin Therapeutics is developing therapies for the treatment of fibrotic liver disease, skin diseases, 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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