LAKE OSWEGO, Ore., Aug. 23, 2012 (GLOBE NEWSWIRE) -- Galena Biopharma (GALE), a biotechnology company focused on developing innovative, targeted oncology treatments that address major unmet medical needs to advance cancer care, today announced that Mark J. Ahn, President and CEO, will present a corporate overview at the 2012 Southern California Investor Conference. The presentation will take place on Thursday, August 30, 2012 at 2:00 p.m. PDT at the Marriott Hotel in Newport Beach, CA.

The presentation will be webcast and available on the Company's website at http://investors.galenabiopharma.com/events.cfm .

About Galena Biopharma

Galena Biopharma, Inc. is a Portland, Oregon-based biopharmaceutical company that develops innovative, targeted oncology treatments that address major unmet medical needs to advance cancer care. For more information please visit us at www.galenabiopharma.com .

The Galena Biopharma, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10647

CONTACT: Madeline Hatton
         Toll free: +1 (855) 855-GALE (4253), ext. 109
         info@galenabiopharma.com

         or

         Remy Bernarda
         IR Sense, LLC
         +1 (415) 203-6386
         remy@irsense.com