Galmed Pharmaceuticals to Report Fourth Quarter and Year End 2020 Financial Results and Provide Business Update on Thursday March 18

Rhea-AI Summary

Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) announced that it will hold a conference call and webcast on March 18, 2021, to discuss its financial results for the year ended December 31, 2020, and updates on its clinical programs for Aramchol. Aramchol is currently in Phase 3 trials for treating nonalcoholic steatohepatitis (NASH) and fibrosis. The company emphasizes that NASH affects 3% to 5% of the U.S. population, marking it as a significant health crisis. Aramchol has received FDA Fast Track Designation for its potential treatment.

Positive

• Aramchol is in Phase 3 trials for NASH, indicating significant progress in development.
• FDA granted Fast Track Designation for Aramchol, potentially accelerating the approval process.
• NASH is a growing global concern, providing a large market opportunity for Aramchol.

Negative

• None.

TEL AVIV, Israel, March 11, 2021 /PRNewswire/ -- Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) ("Galmed" or the "Company"), a clinical-stage biopharmaceutical company focused on the development of Aramchol, a liver targeted, oral, SCD1 modulator, currently in Phase 3 clinical trial for the treatment of nonalcoholic steatohepatitis (NASH) and fibrosis announced today that it will host a conference call and webcast on Thursday, March 18, 2021, to provide an update on current developments with respect to its clinical programs for Aramchol™ and to discuss financial results for the quarter and year ended December 31, 2020. 

Conference Call & Webcast:

Thursday March 18, 2021, 8:30 AM ET

Toll Free:	1-877-425-9470
Toll/International:	1-201-389-0878
Israel Toll Free:	1 809 406 247
Conference ID:	13716813
Webcast:	http://public.viavid.com/index.php?id=143695

 

Replay Dial-In Numbers

Toll Free:	1-844-512-2921
Toll/International:	1-412-317-6671
Replay Pin Number:	13716813
Replay Start:	Thursday March 18, 2021, 11:30 AM ET
Replay Expiry:	Thursday April 1, 2021, 11:59 PM ET

 

About Aramchol and Non-alcoholic Steatohepatitis (NASH)

Aramchol (arachidyl amido cholanoic acid) is a novel fatty acid bile acid conjugate, liver targeted SCD1 modulator, developed as an oral therapy for the treatment of nonalcoholic steatohepatitis ("NASH") and fibrosis. Aramchol's ability to modulate hepatic lipid metabolism was discovered and validated in animal models, demonstrating downregulation of the three key pathologies of NASH: steatosis, inflammation and fibrosis. The effect of Aramchol on fibrosis is mediated by downregulation of steatosis and directly on human collagen producing cells. Aramchol has been granted Fast Track Designation status by the FDA for the treatment of NASH.

NASH is an emerging world crisis impacting an estimated 3% to 5% of the U.S. population and an estimated 2% to 4% globally. It is the fastest growing cause of liver cancer and liver transplant in the U.S. due to the rise in obesity. NASH is the progressive form of non-alcoholic fatty liver disease that can lead to cardiovascular disease, cirrhosis and liver-related mortality.

About Galmed Pharmaceuticals Ltd.

Galmed Pharmaceuticals Ltd. is a clinical stage drug development biopharmaceutical company for liver, metabolic and inflammatory diseases. Our lead compound, Aramchol™, a backbone drug candidate for the treatment of NASH and fibrosis is currently in a Phase 3 registrational study. We are also collaborating with the Hebrew University in the development of Amilo-5MER, a 5 amino acid synthetic peptide and plan to initiate a first in human study during the first quarter of 2021.

 

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SOURCE Galmed Pharmaceuticals Ltd.

FAQ

When will Galmed Pharmaceuticals report its financial results for 2020?

Galmed Pharmaceuticals will report its financial results on March 18, 2021.

What is the status of Aramchol in clinical trials?

Aramchol is currently in Phase 3 clinical trials for the treatment of NASH.

What designation has the FDA granted to Aramchol?

Aramchol has received Fast Track Designation from the FDA.

What is nonalcoholic steatohepatitis (NASH)?

NASH is a progressive liver disease affecting an estimated 3% to 5% of the U.S. population, often leading to severe liver complications.