Galecto and PharmAkea merge to create strong clinical-stage company developing first-in-class therapeutics in fibrosis and cancer

Galecto, the leading developer of galectin modulators for the treatment of fibrotic diseases including idiopathic pulmonary fibrosis (IPF) and cancer, and PharmAkea, Inc., a privately held San Diego-based pharmaceutical company developing novel small molecules against protein targets involved in fibroproliferative disease, today announced the two companies will merge.

Galecto, PharmAkea Merger Creates Single Company with Strong Fibrotic Disease, Cancer Pipelines

Galecto Biotech and PharmAkea, two clinical-stage pharmaceutical companies with robust pipelines in fibrotic diseases and cancer, have merged into a single company.

Galecto to merge with onetime Celgene partner PharmAkea

Galecto is set to merge with PharmAkea. The deal will see Denmark’s Galecto incorporate in the U.S. and add a clinical-phase treatment for idiopathic pulmonary fibrosis (IPF) to its pipeline.

Galecto raises €79M to run late-phase IPF trial

Galecto Biotech has raised €79 million ($90 million) to take its treatment for idiopathic pulmonary fibrosis (IPF) into a phase 2/3 trial.

CFO-karrusel: To danske biotekfirmaer får nye finanschefer

To danske biotekselskaber får nye mænd til at styre finanserne. Den ene er samtidigt finansdirektør for et tredje dansk selskab med rødder i Novozymes.

Video: BIO-Europe® 2018_ Galecto Biotech's CMO discusses the company's recent EUR 79m Series C financing

Richard Marshall, chief medical officer at Galecto Biotech, talks to Scrip managing editor Joe Shorthouse about how a recent financing will allow the galectin modulator company to quickly push forward its product for idiopathic pulmonary fibrosis. He also discusses the company's work in the oral and ocular therapeutic areas.