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Galectin Therapeutics gets fatty liver compound patent

  • Galectin Therapeutics (GALT +13.6%) is trading notably higher on nearly four times its average 10-day volume.
  • Earlier, the company said it has received a U.S. patent on its galectin inhibitor GR-MD-02 for patients with fatty liver disease.
  • The compound has a Fast Track designation and is currently in Phase 1 testing.
  • "The issuance of this patent provides broad coverage in the U.S. for the use of GR-MD-02 in fatty liver disease through September 2031," CEO Peter Traber says. (PR)
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