Seeking Alpha

Galena announces public offering, shares slide

  • Galena Biopharma (GALE) announces a public offering of common stock and warrants.
  • The company will put the proceeds towards marketing Abstral and conducting the Phase 3 NeuVax trial. (PR)
  • Shares are off -5% AH after losing 4% during the regular session.
Comments (7)
  • Am I lucky that I sold my shares this morning.....woah. Cleaned out all the crap.
    12 Sep 2013, 08:08 PM Reply Like
  • Too bad you sold at a loss; a bit of patience would have meant BIG profits!
    12 Sep 2013, 09:49 PM Reply Like
  • I didn't sell at a loss.......and you can't win them all. So far I only won when investing in biotech except one break even (oncy). GALE doesn't really convince me all that much. ONCS in that space might bring mega returns when patient.
    12 Sep 2013, 09:59 PM Reply Like
  • Yeah, -17% now. BIG profit indeed.
    13 Sep 2013, 09:38 AM Reply Like
  • I was hoping they wouldn't do it, but It isn't all surprising.


    LONG GALE among others
    12 Sep 2013, 09:52 PM Reply Like
  • I am currently sidelined not by choice until my money settles on Monday and I'm annoyed by it. Great deal this Morning @1.91 at this current time.


    I'm Long GALE
    13 Sep 2013, 11:52 AM Reply Like
  • There is always Monday! You might even get a better deal then!
    13 Sep 2013, 01:45 PM Reply Like
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