Seeking Alpha

Galena Biopharma rises on acquisition of ET treatment

  • Galena Biopharma (GALE +13.7%) rallies on news the company is buying Mills Pharmaceuticals, giving GALE rights to GALE-401 (CR anagrelide), a treatment for Essential Thrombocythemia.
  • In GALE's estimation, the drug "meets the qualifications for orphan drug status [and] has an estimated peak market size of approximately $200M in the U.S."
  • The company says a Phase 2 study should begin in "mid-2014."
  • GALE made an upfront payment to Mills' owners who are also eligible for stock grants and a milestone payment, the latter is contingent upon FDA approval of an NDA for '401. (PR)
From other sites
Comments (5)
  • Nataku
    , contributor
    Comments (70) | Send Message
     
    So happy I bought this. What do you guys think the ceiling will be for this stock this year? I'm hoping for $9 in a few months :D
    13 Jan 2014, 02:21 PM Reply Like
  • MichaelJ8
    , contributor
    Comments (699) | Send Message
     
    ceiling, this year... 80$...
    13 Jan 2014, 05:20 PM Reply Like
  • Roaddriver
    , contributor
    Comments (112) | Send Message
     
    This year will pas $20..........cheers...... I'm glad I'm in it since July/ 2013......47k shares.
    13 Jan 2014, 10:27 PM Reply Like
  • wwolfson
    , contributor
    Comment (1) | Send Message
     
    Gale looks too good.
    If all cylinders fire this could go to 100.
    So far we have 3 cylinders.
    14 Jan 2014, 06:34 AM Reply Like
  • ocean4404
    , contributor
    Comments (3) | Send Message
     
    Want to thank adam feuerstein for giving me so many opportunities to add to my positions. I figure he helped me fast forward my retirement by 3 years.....so far.
    14 Jan 2014, 06:41 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs