Galectin (GALT) Investors Take Profit Following Pop on GR-MD-02 Patent News Monday

July 24, 2012 10:08 AM EDT
Galectin Therapeutics (Nasdaq: GALT) shares are pulling back Tuesday, following a strong 63.8 percent move higher Monday on the back of positive carbohydrate-based galectin inhibitor compound news.

Galectin ripped following reports it was issued U.S. Patent and Trademark Office for Patent Number 8,236,780 “Galactose-prolonged polysaccharides in a formulation for antifibrotic therapies."

Shares are down over 8 percent in early trading.

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