Galecto to lay off 70% of its workforce - announces plans to explore "strategic alternatives"

”Biotech is great when things are going well and hard when things are going badly,” says the company’s CEO, Hans Schambye.

Hans Schambye, adm. direktør i Galecto Biotech | Photo: Henriette Dan Bonde / Pr

by ALBERT RØNNING-ANDERSSON

Biotech company Galecto has been in the mulling box since the company was forced to abandon its lead drug candidate at the end of August after a phase 2b study failed.

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