Galmed Pharmaceuticals Q3 2025 cash and equivalents up 25% to USD 19.2 million

Reuters2025-11-26
Galmed Pharmaceuticals Q3 2025 cash and equivalents up 25% to USD 19.2 million

Galmed Pharmaceuticals Ltd. reported its financial results for the third quarter (Q3) and nine months (9M) ended September 30, 2025. For Q3 2025, research and development expenses totaled 1.1 million, while general and administrative expenses were 1.0 million. Total operating expenses for the quarter amounted to 2.1 million. For the nine-month period, research and development expenses reached 2.8 million, and general and administrative expenses were 2.7 million. Total operating expenses for the nine months were 5.5 million. As of September 30, 2025, cash and cash equivalents, short-term deposits, restricted cash, and marketable debt securities totaled 19.2 million. This represents an increase of 25 percent compared to December 31, 2024. Financial income, net, for Q3 2025 was negative 0.2 million, and for the nine-month period, it was negative 0.5 million. For the nine months ended September 30, 2025, an impairment of associate of 0.5 million was recorded.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galmed Pharmaceuticals Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: LN33361) on November 26, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment