Galmed Pharmaceuticals Ltd (GLMD)

Galmed Pharmaceuticals Ltd Stock (GLMD) dropped by 17.08% from $0.4343 to $0.3601 in the trading on Tuesday November 21, 2023. The reason why GLMD stock down today is due to the news of delay in sclerosing cholangitis Phase 2a study. Galmed Pharmaceuticals has recently made an announcement regarding the postponement of its highly anticipated Primary Sclerosing Cholangitis (PSC) Phase 2a study. Due to this unexpected delay, the commencement of the trial will be delayed by approximately six to nine months. This unforeseen setback has prompted Galmed Pharmaceuticals to reassess and adjust their plans accordingly.