Galmed Pharmaceuticals to Report Second Quarter 2021 Financial Results and Provide Business Update on Thursday August 5

Rhea-AI Summary

Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) announced a conference call on August 5, 2021, at 8:30 AM ET, to discuss its clinical programs and Q2 2021 financial results. The company is focused on Aramchol, a drug in Phase 3 trials for nonalcoholic steatohepatitis (NASH) and fibrosis, which has received FDA Fast Track designation. NASH affects 3% to 5% of the U.S. population, making the success of Aramchol potentially significant for addressing this health crisis.

Positive

• Aramchol received FDA Fast Track designation for NASH treatment.
• Galmed is in Phase 3 trials for Aramchol, indicating advanced clinical development.

Negative

• None.

TEL AVIV, Israel, July 29, 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, August 5, 2021, to provide an update on current developments with respect to its clinical programs for Aramchol™ and to discuss financial results for the quarter ended June 30, 2021.  

 

 

Conference Call & Webcast:

Thursday August 5, 2021, 8:30 AM ET

Toll Free:                               1-888-394-8218
Toll/International:                   1-323-701-0225
Israel Toll Free:                      1 809 212 883
Conference ID:                       2905012  
Webcast:                                http://public.viavid.com/index.php?id=145911

Replay Dial-In Numbers

Toll Free:                               1-844-512-2921
Toll/International:                   1-412-317-6671
Replay Pin Number:              2905012
Replay Start:                          Thursday August 5, 2021, 11:30 AM ET
Replay Expiry:                        Thursday August 19, 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, 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. We are also collaborating with the Hebrew University in the development of Amilo-5MER, a 5 amino acid synthetic peptide and recently initiated a first in human study.

 

View original content:https://www.prnewswire.com/news-releases/galmed-pharmaceuticals-to-report-second-quarter-2021-financial-results-and-provide-business-update-on-thursday-august-5-301344113.html

SOURCE Galmed Pharmaceuticals Ltd.

FAQ

What is the date of Galmed Pharmaceuticals' financial results call?

The financial results call is scheduled for August 5, 2021.

What is Aramchol and its significance?

Aramchol is a drug in Phase 3 trials for the treatment of nonalcoholic steatohepatitis (NASH), which is an increasingly serious health issue.

What is the conference call ID for the Galmed conference call?

The conference call ID is 2905012.

How prevalent is NASH in the U.S. population?

NASH affects an estimated 3% to 5% of the U.S. population.