Exhibit 8.1

Subsidiaries of Galmed Pharmaceuticals Ltd.	Jurisdiction of Incorporation
Galmed International Ltd.	Malta
Galmed Research and Development Ltd.	Israel
Galtopa Therapeutics Ltd.	Israel
Galmed Therapeutics UK Limited*	England and Wales
OnKai, Inc.**	Delaware

* Wholly-owned subsidiary of Galmed Research and Development Ltd.

** Partially-owned subsidiary of Galtopa Therapeutics Ltd.