Galera Therapeutics (GRTX) - Hold
$Galera Therapeutics, Inc.(GRTX)$
At that time, Galera CEO Dr. Mel Sorenson said the company was surprised by the results because of the more positive data produced in the early studies. A phase 3 clinical trial, which measures the safety and effectiveness of an experimental treatment in a large patient population, is typically the last hurdle a company must successfully clear before seeking approval for a new drug candidate.
The company said Tuesday that upon further analysis an error by the contract research organization hired for the study was identified in the statistical program. The correction of the error yielded the positive results. Those findings include:
A 16% relative reduction in the incidence of severe oral mucositis in the avasopasem treatment group (54%) versus the placebo group (64%);
A 56% relative reduction in the number of days of severe oral mucositis in the avasopasem treatment group (eight days) vs. placebo group (18 days) ; and
A 27% relative reduction in the severity of severe oral mucositis in the avasopasem treatment group (24%) vs. placebo group (33%).
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Oral mucositis, which causes tissue swelling in the mouth that makes it difficult to swallow and talk, is a potential side effect of radiation therapy and chemotherapy.
“Given the high unmet medical need for patients with head and neck cancer who develop radiotherapy-induced severe oral mucositis, we are gratified that the phase 3 trial achieved statistical significance on the primary endpoint after the correction of the statistical programming error,” Sorensen said on Tuesday.
Sorenson said the company's next steps will be to continue to analyze the full data set from the study, and to meet with the Food and Drug Administration early next year to discuss whether the results from the company's single phase 3 trial — together with its earlier phase 2b trial — could support a new drug application submission.
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$Galera Therapeutics, Inc.(GRTX)$
Galera Therapeutics Inc (GRTX) stock is trading at $1.31, a decline of $0.23, or 15.14%, on moderate volume. Galera Therapeutics Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $11.75.
The minimum target price for Galera Therapeutics analysts is $12.25. Today 200 Day Moving Average is the resistance level (5.02 $). 50 Day Moving Average is the resistance level (2.369 $)
$Galera Therapeutics, Inc.(GRTX)$ -The 3 analysts offering 12-month price forecasts for Galera Therapeutics Inc have a median target of 10.00, with a high estimate of 20.00 and a low estimate of 4.00. The median estimate represents a +344.44% increase from the last price of 2.25.
Hold forecast
Galera news : https://www.raps.org/regulatory-focus%E2%84%A2/news-articles/2016/3/analysis-breakthrough-therapies-cut-development-timeline-by-two-years $Galera Therapeutics, Inc.(GRTX)$ @TigerStars
$Galera Therapeutics, Inc.(GRTX)$
This stock has been stable and is a Buy when stock market stabilises.
$Galera Therapeutics, Inc.(GRTX)$ vs $Kintara Therapeutics, Inc.(KTRA)$ which one more promising ?@shirlyn_lee @ISSEY1413 @JZ8 @TigerEvents
$Galera Therapeutics, Inc.(GRTX)$ is it worth? Orbuy Apellis better -$Apellis Pharmaceuticals Inc.(APLS)$
$Galera Therapeutics, Inc.(GRTX)$ is steady; lockin for future
$Galera Therapeutics, Inc.(GRTX)$ or $Apellis Pharmaceuticals Inc.(APLS)$ @MillionaireTiger
$Galera Therapeutics, Inc.(GRTX)$ or $Apellis Pharmaceuticals Inc.(APLS)$ which one to hold?
@TigerStars $Apellis Pharmaceuticals Inc.(APLS)$ Galera should try to match Apellis performance
Galera $Galera Therapeutics, Inc.(GRTX)$ volatile
Plz like