Galectin Therapeutics Inc. (GALT)

[biotech2010]

Interesting comments made by Czirr during the Q&A after his LD Micro presentation yesterday.

I would prefer that you listen and draw your own conclusions but here is what he said (at least what I heard):

-The reason for the Cohort 2 webinar and data release was thet GALT was trying to educate shareholders about NASH and the way trials are conducted; when they posted the data others with a different agenda jumped on it as a way of crushing the stock.
-They think the lawsuits have no merit as they mention 4 promotors and 3 of them were never paid by GALT

There were other comments as well, like I said, draw your own conclusions. Czirr is a better presenter than Traber and should be the point person for them going forward.

Also, interesting change in the BOD today making Mark Rubin the lead of the independent directors, which is everyone other than Czirr and Traber. Maybe this makes GALT a 3 headed leadership group going forward (maybe not).