UPDATE: Aegis Capital Downgrades Galectin Therapeutics
In a note released Friday morning, Aegis Capital analyst Raghuram Selvaraju downgraded shares of Galectin Therapeutics (NASDAQ: GALT) from Buy to Hold.
The downgrade comes amid result concerns as to whether or not the company will be able to demonstrate clinical effectiveness of its lead drug candidate GR-MD-02. The concerns arose when the second cohort of its Phase 1b trial did not show the same indications of potential anti-fibrotic efficacy as the previous cohort.
Amid the Aegis downgrade, shares of have dropped more than seven percent.
Latest Ratings for GALT
|Aug 2014||Aegis Capital||Downgrades||Buy||Hold|
|Apr 2014||McNicoll Lewis Vlak||Maintains||Buy|
|Feb 2014||Aegis Capital||Maintains||Buy|
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