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The Game Looks Up For Galecto

 
• By Kevin Grogan

The Boston-based biotech is weighing up its options as the fall-out from its failed IPF candidate casts a shadow over Galecto’s future.

Dead end
• Source: Shutterstock

Following the recent clinical failure of its lead candidate for idiopathic pulmonary fibrosis (IPF), it looks like the end of the road for Galecto Inc. which has slashed its workforce.

The US biotech said it had completed an in-depth review and would now explore potential strategic alternatives for the business. Those options run the full gamut: “an acquisition, merger, business...

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