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Fly News Breaks for October 3, 2016
GALT
Oct 3, 2016 | 06:30 EDT
FBR Capital analyst Vernon Bernardino downgraded Galectin Therapeutics to Market Perfrom and lowered its price target to $2 from $12 following the failure of NASH-FX to meet its primary and secondary endpoints. The study was one of two ongoing Phase II clinical trials to evaluate GALTb's galectin-3 inhibitor drug candidate, GRMD-02, in patients with non-alcoholic steatohepatitis.
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