earnings
confidence high
sentiment positive
materiality 0.60
Galectin reports Q3 net loss of $0.13/sh; cash $11.5M; NAVIGATE data submitted to FDA
GALECTIN THERAPEUTICS INC
2025-Q3 EPS reported
-$0.40
- Net loss of $8.2M ($0.13/share) vs $11.2M ($0.18/share) in Q3 2024; R&D spend down to $2.6M as NAVIGATE trial ended.
- Cash and equivalents $11.5M at Sep 30; plus $10M line of credit from chairman; runway through June 2026.
- New 18-month NAVIGATE biomarker data showed belapectin reduced portal hypertension risk categories vs placebo.
- FDA data package submitted for belapectin in MASH cirrhosis; agency feedback expected by year-end 2025.