Galecto Picks Up $64M as Plans for Fibrosis Clinical Trials Move Forward

cafead

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  • cafead   Sep 27, 2020 at 11:12: PM
via Had things turned out differently, scientists at Galecto might be watching their idiopathic pulmonary fibrosis drug candidate develop in the hands of a big pharmaceutical company. But Bristol Myers Squibb passed on its option to acquire Galecto leaving the biotech to forge ahead on its own. Now the company has $64 million to advance clinical development of its lead compound and others in its pipeline.

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