Galmed Pharmaceuticals Reports Mid-Year Loss

Galmed Pharmaceuticals (GLMD) has released an update.

Galmed Pharmaceuticals Ltd. reports a net loss of $2.394 million for the first half of 2024, with research and development, as well as general and administrative expenses as major contributors to the loss. The company’s total assets have decreased to $13.341 million as of June 30, 2024, from $16.629 million at the end of the previous year. This financial update is critical for investors as it may influence the company’s stock valuation and future investment decisions.

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