Galectin Therapeutics Inc. Secures $10 Million Credit Line to Fund Expansion Efforts Through 2026

Reuters

07/09

<a href="https://laohu8.com/S/GALT">Galectin Therapeutics Inc</a>. Secures $10 Million Credit Line to Fund Expansion Efforts Through 2026

Galectin Therapeutics Inc., a leader in the development of galectin-3-targeted therapeutics, has announced a new $10 million unsecured line of credit from Richard E. Uihlein, the company's Chairman and largest individual stockholder. This financial boost is expected to cover projected expenditures through June 2026, allowing Galectin to focus on advancing its MASH cirrhosis program, particularly the ongoing NAVIGATE trial. The credit facility extension is complemented by the extension of maturity dates on existing convertible notes and lines of credit from Uihlein, totaling $81 million. The company is actively preparing to present data to the FDA and is seeking partnerships to support the further development and commercialization of its key therapeutic, belapectin.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galectin Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-025295), on July 09, 2025, and is solely responsible for the information contained therein.

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Secures $10 Million Credit Line to Fund Expansion Efforts Through 2026","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/GALT\">Galectin Therapeutics Inc</a>. Secures $10 Million Credit Line to Fund Expansion Efforts Through 2026\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Galectin <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Inc., a leader in the development of galectin-3-targeted therapeutics, has announced a new $10 million unsecured line of credit from Richard E. Uihlein, the company's Chairman and largest individual stockholder. This financial boost is expected to cover projected expenditures through June 2026, allowing Galectin to focus on advancing its MASH cirrhosis program, particularly the ongoing NAVIGATE trial. The credit facility extension is complemented by the extension of maturity dates on existing convertible notes and lines of credit from Uihlein, totaling $81 million. The company is actively preparing to present data to the FDA and is seeking partnerships to support the further development and commercialization of its key therapeutic, belapectin.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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Secures $10 Million Credit Line to Fund Expansion Efforts Through 2026\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-09 19:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/GALT\">Galectin Therapeutics Inc</a>. Secures $10 Million Credit Line to Fund Expansion Efforts Through 2026\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Galectin <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Inc., a leader in the development of galectin-3-targeted therapeutics, has announced a new $10 million unsecured line of credit from Richard E. Uihlein, the company's Chairman and largest individual stockholder. This financial boost is expected to cover projected expenditures through June 2026, allowing Galectin to focus on advancing its MASH cirrhosis program, particularly the ongoing NAVIGATE trial. The credit facility extension is complemented by the extension of maturity dates on existing convertible notes and lines of credit from Uihlein, totaling $81 million. The company is actively preparing to present data to the FDA and is seeking partnerships to support the further development and commercialization of its key therapeutic, belapectin.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galectin Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-025295), on July 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GALT","symbol_name":"Galectin Therapeutics Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250709:nNDLBY2xs:1","article_id":"2550163407","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550163407","pubTimestamp":1752062197,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Galectin Therapeutics Inc., a leader in the development of galectin-3-targeted therapeutics, has announced a new $10 million unsecured line of credit from Richard E. 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This financial boost is expected to cover projected expenditures through June 2026, allowing Galectin to focus on advancing its MASH cirrhosis program, particularly the ongoing NAVIGATE trial. The credit facility extension is complemented by the extension of maturity dates on existing convertible notes and lines of credit from Uihlein, totaling $81 million. The company is actively preparing to present data to the FDA and is seeking partnerships to support the further development and commercialization of its key therapeutic, belapectin.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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