Galecto Inc. is a biotechnology company focused on developing innovative therapies for fibrotic diseases and cancer
By leveraging its expertise in glycoscience, the company aims to create small molecule drugs that target specific pathological processes associated with these conditions. Galecto's research emphasizes the importance of the extracellular matrix in disease progression, and its pipeline includes candidates that seek to address critical unmet medical needs. The company's commitment to advancing scientific knowledge is coupled with a goal of improving patient outcomes through novel treatment options.
Galecto shares are trading lower by 27% during Monday's session. The company issued 62,594 common and 160,562 preferred convertible shares to Bridge Medicine for BRM-1420 acquisition rights.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling over 100 points on Tuesday. The Dow traded down 0.82% to 35,017.95 while the NASDAQ fell 0.77% to 13,682.54. The S&P 500, also fell, dropping, 0.87% to 4,450.59.
Gainers Novo Integrated Sciences, Inc. (NASDAQNVOS) jumped 85.4% to $0.1267 after the company and Farm 7 Group announced a joint venture for Kenya Agricultural Cooperative Project.
