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Galectin Therapeutics Announces Publication of NAVIGATE Phase 2b Trial Results for Belapectin in the Journal of Hepatology

(Positive)
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Galectin Therapeutics (NASDAQ:GALT) reported publication of Phase 2b NAVIGATE trial results for galectin-3 inhibitor belapectin in Journal of Hepatology. The study in patients with MASH cirrhosis and portal hypertension showed belapectin 2 mg/kg reduced new esophageal varices numerically versus placebo, with statistical significance in the per-protocol population and supportive fibrosis/portal hypertension biomarkers, alongside a favorable safety profile.

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Positive

  • Phase 2b NAVIGATE results published in Journal of Hepatology, an AASLD flagship journal
  • Belapectin 2 mg/kg reduced new esophageal varices numerically versus placebo
  • Statistically significant reduction in variceal development in per-protocol population
  • Supportive changes in non-invasive fibrosis and portal hypertension markers, including LSM and ELF
  • Belapectin reported as generally safe and well tolerated in MASH cirrhosis with portal hypertension

Negative

  • None.

News Market Reaction – GALT

+5.24%
22 alerts
+5.24% Session close to close
+8.9% Peak in 1 hr 4 min
$157.66M Market Cap
1.3x Rel. Volume

In the May 11 session, GALT gained 5.24%, reflecting a notable positive market reaction. Argus tracked a peak move of +8.9% during that session. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.2% in the session following this news. A strong positive reaction aligns with the...
Analysis

The stock moved +5.2% in the session following this news. A strong positive reaction aligns with the clinically favorable NAVIGATE data now appearing in a top hepatology journal, reinforcing earlier per-protocol and biomarker signals. Investors had previously seen mixed price responses to belapectin updates, with only one of five recent events showing aligned gains. The presence of a $200,000,000 shelf and $32,500,000 ATM facility could introduce future dilution risk that might cap follow-through.

Key Figures

Belapectin dose: 2 mg/kg Shelf registration size: $200,000,000 ATM program size: $32,500,000 +5 more
8 metrics
Belapectin dose 2 mg/kg Dose evaluated in NAVIGATE Phase 2b trial
Shelf registration size $200,000,000 Form S-3 universal shelf capacity
ATM program size $32,500,000 At-the-market facility with H.C. Wainwright
Varices reduction 49.3% Reduction in varices in per-protocol population (n=287) per prospectus
U.S. subgroup reduction 68.1% Varices reduction in U.S. completer subgroup (p=0.02)
Per-protocol sample size 287 patients NAVIGATE per-protocol population
P-value p=0.02 U.S. completer subgroup varices reduction
Shares outstanding 65,827,448 Shares outstanding as of March 16, 2026

Historical Context

5 past events · Latest: Mar 31 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 31 Earnings and update Positive +8.6% Full-year 2025 results, extended cash runway, and encouraging NAVIGATE signals.
Mar 17 Board appointment Positive -0.9% Appointment of Henry Brem to strengthen clinical and regulatory expertise.
Feb 26 KOL event announcement Positive -5.1% Announcement of virtual KOL event on belapectin and NAVIGATE data.
Dec 19 Regulatory and financing Positive -28.9% FDA feedback on trial design plus new $10M convertible credit line.
Nov 14 Earnings and NAVIGATE Neutral -0.4% Q3 2025 results and NAVIGATE biomarker improvements submitted to FDA.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news often highlighted belapectin progress and financing, but share reactions have been mixed, with several positive or neutral updates followed by negative price moves.

Recent Company History

Over the last six months, Galectin has repeatedly focused on belapectin for MASH cirrhosis and portal hypertension. An earnings update on Mar 31, 2026 showed reduced R&D spending, a narrower net loss, and cash plus a credit line extending runway to April 2027, and that news saw an 8.56% gain. Earlier, regulatory and financing updates in Dec 2025 and clinical/earnings news in Nov 2025 emphasized biomarker improvements and FDA dialogue but drew muted or negative reactions. Today’s peer-reviewed NAVIGATE publication builds on those same belapectin data themes.

Key Terms

portal hypertension, esophageal varices, galectin-3, liver stiffness measure, +1 more
5 terms
portal hypertension medical
"belapectin in patients with MASH cirrhosis and portal hypertension in AASLD flagship journal"
An increase in blood pressure in the portal venous system — the veins that carry blood from the intestines to the liver — usually caused by scarring or blockage in the liver that acts like a traffic jam in a pipe. It matters to investors because it drives demand for treatments, diagnostics and procedures, influences clinical trial outcomes and regulatory decisions, and can materially affect healthcare costs and a company’s commercial prospects in liver-related therapies.
esophageal varices medical
"Prevention of Esophageal Varices in Patients with MASH Cirrhosis"
Swollen, fragile veins in the lower part of the throat that develop when pressure builds in nearby veins, often near the liver; they can burst and cause sudden, life‑threatening bleeding — like thin garden hoses bulging under high pressure. Investors watch this because it creates steady demand for diagnostics, emergency care, drugs and medical devices, and influences hospital costs and the commercial outlook for companies that treat or prevent the condition.
galectin-3 medical
"belapectin, a galectin-3 inhibitor, in patients with MASH cirrhosis"
Galectin-3 is a naturally occurring protein found in cells and blood that helps regulate inflammation, scarring (fibrosis), and cell growth; think of it as a cellular “smoke detector” that signals tissue stress or damage. Investors watch galectin-3 because it can serve as a biomarker for disease severity and prognosis—particularly in heart and fibrotic conditions—and because it is a potential target for diagnostics and new therapies, affecting market opportunity and clinical development risks.
liver stiffness measure medical
"Key markers of fibrosis including Liver Stiffness Measure results were aligned"
A liver stiffness measure is a noninvasive test that gauges how firm or elastic the liver tissue is, usually by sending harmless vibrations or sound waves through the organ and measuring the response. Investors care because higher stiffness often signals scarring or advanced liver disease, which can affect demand for diagnostics, treatments, clinical trial endpoints, and regulatory decisions—similar to how checking the firmness of a mattress reveals its condition and replacement needs.
open-access technical
"now available online and available as an open-access publication"
Open-access describes research papers, data, or resources that are freely available to anyone to read, download, and often reuse without a paywall or subscription. For investors it matters because free access speeds the spread of information, can boost a company’s reputation and adoption of its products, and influences business models and regulatory transparency — much like a store giving away samples to build customer trust and awareness.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NORCROSS, Ga., May 11, 2026 (GLOBE NEWSWIRE) -- Galectin Therapeutics Inc. (NASDAQ:GALT), a clinical-stage biotechnology company developing therapeutics that target galectin-3 for patients with MASH cirrhosis and portal hypertension, today announced the publication of results from its NAVIGATE Phase 2b clinical trial evaluating belapectin in patients with MASH cirrhosis and portal hypertension in AASLD flagship journal Hepatology.

The manuscript, titled “Efficacy and Safety of Belapectin for the Prevention of Esophageal Varices in Patients with MASH Cirrhosis: The Randomized, Placebo-Controlled NAVIGATE Trial,” is now available online and available as an open-access publication.

The NAVIGATE trial evaluated belapectin, a galectin-3 inhibitor, in patients with MASH cirrhosis and portal hypertension without esophageal varices at baseline. Results demonstrated that belapectin 2 mg/kg was associated with a numerical reduction in the development of new varices compared to placebo in the full analysis set, with a statistically significant reduction observed in the per-protocol population. Key markers of fibrosis including Liver Stiffness Measure results were aligned with the clinical finding belapectinwas generally safe and well tolerated.

“These findings provide clinically meaningful evidence for the potential role of belapectin in addressing portal hypertension and reducing the risk of clinically significant complications in patients with MASH cirrhosis,” said Prof. Naga Chalasani, David W. Crabb Professor of Gastroenterology and Hepatology at Indiana University School of Medicine and principal investigator for the NAVIGATE program. “The observed reduction in variceal development, together with consistent biomarker findings and a favorable safety profile, supports continued development of belapectin in patients with MASH cirrhosis and portal hypertension—a population with substantial unmet medical need.”

“These results further strengthen the clinical and mechanistic profile of belapectin in MASH cirrhosis and portal hypertension,” said Khurram Jamil, M.D., Chief Medical Officer of Galectin Therapeutics. “The consistency across clinical outcomes and noninvasive biomarkers, including signals of reduced risk of clinically significant portal hypertension and variceal development, reinforces our confidence in belapectin’s potential to modify disease progression. We believe these data meaningfully support continued advancement of our program, while positioning belapectin as a differentiated therapeutic candidate in MASH cirrhosis with portal hypertension—a market with significant unmet need and limited treatment options.”

The manuscript highlights:

  • Numerical reduction in incidence of new esophageal varices with belapectin 2 mg/kg compared to placebo
  • Statistically significant reduction in the per-protocol population
  • Supportive changes in non-invasive markers of portal hypertension and fibrosis including LSM and ELF.
  • Favorable safety and tolerability profile

Belapectin targets galectin-3, a key mediator of fibrosis and inflammation, and is being developed as a potential therapy to address complications of MASH cirrhosis.

The full manuscript is available online and can be accessed here freely given its open-access status.

About NAVIGATE

NAVIGATE was a global, randomized, placebo-controlled Phase 2b trial evaluating belapectin in patients with MASH cirrhosis and portal hypertension without esophageal varices at baseline. The study assessed the development of varices and other clinically relevant outcomes over an 18-month treatment period.

About Galectin Therapeutics

Galectin Therapeutics is dedicated to developing novel therapies to improve the lives of patients with chronic liver disease and cancer. Galectin’s lead drug belapectin is a carbohydrate-based drug that inhibits the galectin-3 protein, which is directly involved in multiple inflammatory, fibrotic, and malignant diseases, for which it has Fast Track designation by the U.S. Food and Drug Administration. The lead development program is in metabolic dysfunction-associated steatohepatitis (MASH, formerly known as nonalcoholic steatohepatitis, or NASH) with cirrhosis, the most advanced form of MASH-related fibrosis. Liver cirrhosis is one of the most pressing medical need and a significant drug development opportunity. Additional development programs are in treatment of combination immunotherapy for advanced head and neck cancers and other malignancies. Advancement of these additional clinical programs is largely dependent on finding a suitable partner. Galectin seeks to leverage extensive scientific and development expertise as well as established relationships with external sources to achieve cost-effective and efficient development. Additional information is available at www.galectintherapeutics.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or future financial performance, and use words such as “may,” “estimate,” “could,” “expect”, “look forward”, “believe”, “hope” and others. They are based on management’s current expectations and are subject to factors and uncertainties that could cause actual results to differ materially from those described in the statements. These statements include those regarding the hope that Galectin’s development program for belapectin will lead to the first therapy for the treatment of MASH, formerly known as NASH, with cirrhosis and those regarding the hope that our lead compounds will be successful in cancer immunotherapy and in other therapeutic indications. Factors that could cause actual performance to differ materially from those discussed in the forward-looking statements include, among others, full analysis of the NAVIGATE trial data may not product positive data; Galectin may not be successful in developing effective treatments and/or obtaining the requisite approvals for the use of belapectin or any of its other drugs in development; the Company may not be successful in scaling up manufacturing and meeting requirements related to chemistry, manufacturing and control matters; the Company’s current clinical trial and any future clinical studies may not produce positive results in a timely fashion, if at all, and could require larger and longer trials, which would be time consuming and costly; plans regarding development, approval and marketing of any of Galectin’s drugs are subject to change at any time based on the changing needs of the Company as determined by management and regulatory agencies; regardless of the results of any of its development programs, Galectin may be unsuccessful in developing partnerships with other companies or raising additional capital that would allow it to further develop and/or fund any studies or trials. Galectin has incurred operating losses since inception, and its ability to successfully develop and market drugs may be impacted by its ability to manage costs and finance continuing operations. For a discussion of additional factors impacting Galectin’s business, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent filings with the SEC. You should not place undue reliance on forward-looking statements. Although subsequent events may cause its views to change, management disclaims any obligation to update forward-looking statements.

Company Contact:

Jack Callicutt, Chief Financial Officer
(678) 620-3186
ir@galectintherapeutics.com

Investors Relations Contacts:

Kevin Gardner
kgardner@lifesciadvisors.com

Galectin Therapeutics and its associated logo is a registered trademark of Galectin Therapeutics Inc. Belapectin is the USAN assigned name for Galectin Therapeutics’ galectin-3 inhibitor belapectin.


FAQ

What did Galectin Therapeutics (NASDAQ:GALT) announce about the NAVIGATE Phase 2b belapectin trial?

Galectin Therapeutics announced publication of NAVIGATE Phase 2b belapectin results in the Journal of Hepatology. According to Galectin Therapeutics, the trial evaluated belapectin in MASH cirrhosis with portal hypertension and reported effects on esophageal varice development, non-invasive biomarkers, and overall safety and tolerability.

What were the key efficacy findings for belapectin in the GALT NAVIGATE Phase 2b trial?

Belapectin 2 mg/kg showed a numerical reduction in new esophageal varices versus placebo. According to Galectin Therapeutics, this reduction reached statistical significance in the per-protocol population, with supportive changes in non-invasive markers of portal hypertension and fibrosis, including Liver Stiffness Measure (LSM) and ELF.

How did belapectin perform on safety in the NAVIGATE Phase 2b study for GALT?

Belapectin was described as generally safe and well tolerated in NAVIGATE. According to Galectin Therapeutics, patients with MASH cirrhosis and portal hypertension receiving belapectin showed a favorable safety and tolerability profile, supporting continued development of the drug for this high unmet-need population.

What patient population was studied in Galectin Therapeutics' NAVIGATE Phase 2b belapectin trial?

NAVIGATE enrolled patients with MASH cirrhosis and portal hypertension without esophageal varices at baseline. According to Galectin Therapeutics, the study focused on preventing development of new esophageal varices and assessing portal hypertension and fibrosis biomarkers in this advanced liver disease population.

How do the NAVIGATE Phase 2b results support future development of belapectin for GALT?

The results are presented as supporting continued development of belapectin in MASH cirrhosis with portal hypertension. According to Galectin Therapeutics, consistent clinical outcomes, biomarker changes, and favorable safety profile suggest potential to modify disease progression and reduce risk of clinically significant complications.

Why is the Journal of Hepatology publication of GALT's belapectin NAVIGATE data important for investors?

Publication in the Journal of Hepatology increases scientific visibility and peer-reviewed validation of NAVIGATE findings. According to Galectin Therapeutics, open-access availability of the manuscript may broaden clinician and researcher awareness of belapectin’s clinical, mechanistic, and safety data in MASH cirrhosis with portal hypertension.