Galectin Therapeutics Inc. (GALT): The ICPT market cap at $650 a share woul...

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Galectin Therapeutics Inc. (GALT)

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Re: BelizeBeachTrader post# 937

Thursday, 05/15/2014 10:46:33 AM

Thursday, May 15, 2014 10:46:33 AM

The ICPT market cap at $650 a share would be about $12B.

GALT's market cap right now is $200M, if the logic for GALT matches ICPT it means the share price would be 60X the current level, or about $660 so your comment is right on.

I don't know how the projected market for advanced fibrosis as it relates to the early stage NASH market addressed by ICPT, it may actually be larger because the only alternative right now is transplant.

I have been told by someone in a position to know what is going on with GALT that every drug given Fast Track designation has eventually been approved by the FDA. This is a very powerful statement.

Even discounting the ICPT market cap projection you would have to think that GALT has a market cap far below the true worth of the company, even a $2B market cap makes this a $100+ stock.

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