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Why Did Galectin Therapeutics (GALT) Soar 14.04%?
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jul 15, 2025 8:15 am ET1min read
On July 15, 2025,
(GALT) experienced a significant surge, rising 14.04% in pre-market trading, indicating strong investor interest and potential market momentum.Galectin Therapeutics recently announced that the interim Phase 2b efficacy readout for its NAVIGATE study is anticipated in the fourth quarter of 2024. This development is crucial as it provides insights into the potential efficacy of the company's treatment for non-alcoholic steatohepatitis (NASH), a condition with a growing patient population and limited treatment options.
Additionally, Galectin Therapeutics' stock has recently crossed above its 200-day moving average, a technical indicator that often signals a bullish trend. This movement suggests that the stock may continue to attract buyers, further driving its price upward.
These developments collectively contribute to the positive sentiment surrounding Galectin Therapeutics, reflecting the market's optimism about the company's clinical progress and potential future growth.
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