Galmed Pharmaceuticals to Report Second Quarter 2020 Financial Results and Provide Business Update on Thursday August 6

Rhea-AI Summary

Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) announced a conference call on August 6, 2020, to discuss its financial results for the second quarter of 2020 and updates on its clinical programs for Aramchol, a treatment for nonalcoholic steatohepatitis (NASH) currently in Phase 3 trials. Aramchol has received Fast Track designation from the FDA and aims to address the rising NASH crisis affecting significant populations globally. The call will cover both financial metrics and clinical developments as the company progresses in its research efforts.

Positive

• Aramchol has received Fast Track designation by the FDA for NASH treatment.
• Ongoing Phase 3 clinical trial for Aramchol indicates strong commitment to NASH treatment developments.

Negative

• None.

TEL AVIV, Israel, July 30, 2020 /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 a 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, August 6, 2020, to provide an update on current developments with respect to its clinical programs for Aramchol™ and to discuss financial results for the three and six months ended June 30, 2020. 

 

 

Conference Call & Webcast: 

Thursday August 6, 2020, 8:30 AM ET

Toll Free:  1-800-954-0643  
Toll/International:  1-212-231-2904 
Israel Toll Free:  1-809-457-756  
Conference ID:  21966797  
Webcast:  http://public.viavid.com/index.php?id=140960

Replay Dial-In Numbers

Toll Free:  1-844-512-2921
Toll/International:  1-412-317-6671
Replay Pin Number:  21966797  
Replay Start:  Thursday August 6, 2020, 11:30 AM ET
Replay Expiry:  Thursday August 20, 2020, 11:59 PM ET

About Aramchol and Non-alcoholic Steatohepatitis (NASH)

Aramchol (arachidyl amido cholanoic acid) is a novel fatty acid bile acid conjugate, inducing beneficial modulation of intra-hepatic lipid metabolism. 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.

 

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SOURCE Galmed Pharmaceuticals Ltd.

FAQ

What are the details of Galmed Pharmaceuticals' conference call on August 6, 2020?

Galmed will host a conference call at 8:30 AM ET to discuss Q2 financial results and updates on Aramchol's clinical programs.

What is Aramchol and its significance for NASH?

Aramchol is a liver-targeted drug in Phase 3 trials aimed at treating NASH, which is a rapidly growing health issue.

What is the current status of Galmed Pharmaceuticals' clinical trials?

Galmed's lead compound, Aramchol, is currently in a Phase 3 registrational study.

What financial results will Galmed Pharmaceuticals discuss during the call?

Galmed will report its financial results for the three and six months ended June 30, 2020.