Nature of Business, Basis of Presentation, Liquidity, and Going Concern |
12 Months Ended |
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Dec. 31, 2025 | |
| Nature of Business, Basis of Presentation, Liquidity, and Going Concern [Abstract] | |
| Nature of Business, Basis of Presentation, Liquidity, and Going Concern | 1. Nature
of Business, Basis of Presentation, Liquidity, and Going Concern Galectin Therapeutics
Inc. and subsidiaries (the “Company”) is a clinical stage biopharmaceutical
company that is applying its leadership in galectin science and drug
development to create new therapies for fibrotic disease and cancer. These
candidates are based on the Company’s targeting of galectin proteins which are
key mediators of biologic and pathologic function. These compounds also may
have application for drugs to treat other diseases and chronic health
conditions. The Company was founded
in July 2000, was incorporated in the State of Nevada in January 2001 under the
name “Pro-Pharmaceuticals, Inc.,” and changed its name to “Galectin
Therapeutics Inc.” on May 26, 2011. The
Company has operated at a loss since its inception and has had no revenues. The
Company anticipates that losses will continue for the foreseeable future. At
December 31, 2025, the company had $17.7 million of unrestricted cash and cash
equivalents available to fund future operations. As of December 31, 2025, the
Company has available borrowings under a line of credit in the amount of $10
million provided by our chairman, Richard Uihlein, (See Notes 10). The Company
believes there is sufficient cash, including availability of the line of
credit, to fund currently planned operations through April 2027. To
meet its future capital needs, the Company intends to raise additional capital
through debt or equity financings, collaborations, partnerships or other
strategic transactions. However, there can be no assurance that the Company
will be able to complete any such transactions on acceptable terms or
otherwise. The inability of the Company to obtain sufficient funds on
acceptable terms when needed could have a material adverse effect on the
Company’s business, results of operations and financial condition. The Company is subject
to a number of risks similar to those of clinical stage companies, including
dependence on key individuals, uncertainty of product development and
generation of revenues, dependence on outside sources of capital, risks
associated with clinical trials of products, dependence on third-party
collaborators for research operations, need for regulatory approval of
products, risks associated with protection of intellectual property, and
competition with larger, better-capitalized companies. Successful completion of
the Company’s development program and, ultimately, the attainment of profitable
operations is dependent upon future events, including obtaining adequate
financing to fulfill its development activities and achieving a level of revenues
adequate to support the Company’s cost structure. There are no assurances that
the Company will be able to obtain additional financing on favorable terms, or
at all, or successfully market its products.
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