NEW YORK, NY / ACCESSWIRE / June 13, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Galmed Pharmaceuticals Ltd. (NASDAQ: GLMD), a clinical-stage biopharmaceutical company, focuses on the development of therapeutics for the treatment of liver diseases. The company is developing Aramchol, an oral therapy, which is in ARREST study, a Phase IIb clinical study for the treatment of patients with overweight or obesity, and who are pre-diabetic or type-II-diabetic with non-alcoholic steato-hepatitis.

On June 12, 2018, the company announced that a phase 2b trial of its ARREST study for the treatment of non-alcoholic steato-hepatitis achieved the endpoints necessary to support a phase 3 trial and a Food and Drug Administration marketing application. The company's shares surged to $20.41 on the news gaining 191% at mid-day.

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Aramchol?'s ability to modulate hepatic lipid metabolism was discovered and validated in animal models, demonstrating downregulation of the three key pathologies of NASH: steatosis. NASH is an emerging world crisis impacting an estimated 3% to 5% of the U.S. population and an estimated 2% to 4% globally. It is the fastest growing cause of liver cancer and liver transplant in the U.S. due to the rise in obesity. NASH is the progressive form of a non-alcoholic fatty liver disease that can lead to cardiovascular disease, cirrhosis, and liver-related mortality.

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