Galmed Pharma (GLMD) Adds to NASH-Frenzy Gains

September 22, 2016 3:28 PM EDT

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NASH stock Galmed Pharma (NASDAQ: GLMD) is pushing to the highs of the session. Shares are up 16.8% to $5.42, and up 43% since Tuesday when Allergan (NASDAQ: AGN) agreed to acquire Tobira Therapeutics (NASDAQ: TBRA) at a huge premium.

This afternoon, Galmed announced that it has signed an Investigator-Initiated Clinical Trial Agreement with the University of California, San Diego, School of Medicine.

Speculators are buying Galmed Pharma and other NASH stocks on their scarcity value and potential takeovers.

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