earnings
confidence high
sentiment neutral
materiality 0.60
Galectin reports Q3 2022 net loss $8.6M; NAVIGATE trial 88% enrolled
GALECTIN THERAPEUTICS INC
2022-Q3 EPS reported
-$0.47
- Net loss $8.6M ($0.14/sh) for Q3 2022, unchanged from Q3 2021.
- Cash $15.8M; plus $60M credit line; expects funding through Dec 2024.
- NAVIGATE trial: 279 of 315 patients randomized, 74 in screening; target full enrollment around end-2022.
- FDA allowed IND for belapectin + Keytruda in head and neck cancers.