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Why The GALT Stock Rose Nearly 35% During Last Session?

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PRGS Stock

At the end of Tuesday’s regular trading session, Galectin Therapeutics Inc. (NASDAQ: GALT) closed its shares at $1.80 up 34.85% or $0.73. The Galectin stock recorded a high volume of 18.09 million shares, compared to the average daily volume of 304.27K shares. GALT stock skyrocketed after launching a website designed for chronic diseases.

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The Galectin Therapeutics is dedicated to developing new therapies to help patients struggling with liver problems and cancer. GALT’s lead drug belapectin is a carbohydrate-based drug that interacts with the galectin-3 protein, which plays a role in multiple degenerative diseases, including inflammatory, fibrotic and malignant. Development revolves around the non-alcoholic steatohepatitis (NASH) with cirrhosis, the severe form of NASH-related fibrosis.

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NAVIGATEnash.com, a dedicated trial website launched by Galectin Therapeutics, came online yesterday.

What GALT is eyeing on?

With the NAVIGATE Study, the goal of Galectin Therapeutics (GALT) is to prevent the development of esophageal varices, which have been linked to more serious complications of cirrhosis related to NASH.

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