Galecto Inc
Change company Symbol lookup
Select an option...
GLTO Galecto Inc
ERNA Eterna Therapeutics Inc
TANH Tantech Holdings Ltd
OMGA Omega Therapeutics Inc
INBS Intelligent Bio Solutions Inc
PAYX Paychex Inc
PYR Pyrogenesis Canada Inc
PM Philip Morris International Inc
GWAV Greenwave Technology Solutions Inc
SLNO Soleno Therapeutics Inc
Go

Health Care : Biotechnology | Small Cap Value
Company profile

Galecto, Inc. is a clinical-stage biotechnology company. The Company is focused on developing novel small molecule therapeutics that are designed to target the biological processes that lie at the heart of cancer and fibrotic diseases. The Company’s initial focus is on the development of small molecule inhibitors of galectin-3 and lysyl oxidase-like 2 (LOXL2). The Company is developing GB0139 for the treatment of Idiopathic Pulmonary Fibrosis (IPF), a life-threatening progressive fibrotic disease of the lung. The Company’s product candidate also includes GB1211, a selective oral small molecule inhibitor of galectin-three, is chemically distinct from GB0139 and is being developed for the treatment of various oncology indications and liver cirrhosis, and GB2064 is a selective oral small molecule inhibitor of LOXL2 for the treatment of myelofibrosis, a malignant disease of the bone marrow in which progressive fibrosis reduces the ability to form blood cells in the bone marrow.

Closing Price
$0.698
Day's Change
0.127 (22.24%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.75
Day's Low
0.635
Volume
(Heavy Day)
Volume:
10,798,957

10-day average volume:
1,610,930
10,798,957

GM to recall nearly 1 million SUVs as driver's air bag may explode

10:10 am ET May 15, 2023 (MarketWatch)
Print

By Bill Peters and Tomi Kilgore

Recall is for Buick Enclave, Chevy Traverse and GMC Acadia vehicles from 2014 to 2017

General Motors Co. said Monday that it would conduct a safety recall of nearly 1 million sport-utility vehicles (SUVs) in the U.S. due to a defect that risked causing the front driver's side air-bag inflator to burst when activated.

GM (GM) expects to mail notification letters to owners on June 26. GM dealers will replace the driver's air bag module free of charge.

The automaker's recall affects 994,763 vehicles, including certain 2014 to 2017 model year Buick Enclave, Chevrolet Traverse and GMC Acadia automobiles, according to a report from the U.S. National Highway Traffic Safety Administration (NHTSA).

"An inflator explosion may result in sharp metal fragments striking the driver or other occupants, resulting in serious injury or death," the NHTSA recall acknowledgment letter said.

GM's stock slipped 0.6% in morning trading Monday.

On March 24, 2023, GM received an allegation that a 2017 model year Chevrolet Traverse was in a crash. After GM and NHTSA inspected the vehicle on April 25, it was confirmed that the air bag inflator ruptured during deployment.

"GM is aware of two prior ruptures (allegations received: September 2, 2021 and February 18, 2022) of ARC-manufactured air bag inflators in 2015 model year Chevrolet Traverse vehicles, and GM conducted NHTSA Recalls 21V782 and 22V246 on the inflator production lots involved in these incidents," the recall acknowledgment said.

ARC Automotive Inc. has not responded to a request for comment.

All three events involved the same inflator variant (MC). On May 7, "out of an abundance of caution," GM decided to expand the 21V782 and 22V246 recalls to all front-driver air bag modules containing an ARC "MC" variant inflators.

GM's stock has lost 4.3% year to date, while the S&P 500 index has gained 7.1%.

-Bill Peters

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

	

(END) Dow Jones Newswires

May 15, 2023 10:10 ET (14:10 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.