Galera Therapeutics Sells Assets to Biossil Inc.
Galera Therapeutics has sold its dismutase mimetic assets, including avasopasem and rucosopasem, to Biossil Inc. under an Asset Purchase and Sale Agreement dated October 15, 2025. The transaction, completed by October 21, 2025, transfers financial liabilities to Biossil. Spark's analysis rates GRTX as Underperform, citing significant financial instability, consistent losses, and negative equity, leading to a bearish market outlook. Galera focuses on developing innovative therapeutics in the biopharmaceutical sector, with a current market cap of $1.78M and an average trading volume of 125,397.
Galera Therapeutics ( (GRTX) ) has shared an update.
On October 15, 2025, Galera Therapeutics entered into an Asset Purchase and Sale Agreement with Biossil Inc., selling its dismutase mimetic assets, including avasopasem and rucosopasem. This transaction, completed by October 21, 2025, involved Biossil assuming liabilities related to these assets, including obligations under the Blackstone Agreement, thus shifting financial responsibilities from Galera to Biossil.
Spark’s Take on GRTX Stock
According to Spark, TipRanks’ AI Analyst, GRTX is a Underperform.
Galera Therapeutics exhibits significant financial instability with consistent losses and negative equity, heavily impacting its overall score. The technical analysis indicates bearish market momentum, and the valuation is unattractive with a negative P/E ratio. The absence of positive earnings call data or corporate events further contributes to the poor stock performance outlook.
To see Spark’s full report on GRTX stock, click here.
More about Galera Therapeutics
Galera Therapeutics operates in the biopharmaceutical industry, focusing on developing innovative therapeutics. The company primarily develops dismutase mimetic assets, including avasopasem and rucosopasem, which are product candidates aimed at addressing unmet medical needs.
Average Trading Volume: 125,397
Technical Sentiment Signal: Sell
Current Market Cap: $1.78M
