Galena Biopharma (GALE -14.4%) says it plans to offer 8.5M shares of its common stock at...

|About: Galena Biopharma, Inc. (GALE)|By:, SA News Editor

Galena Biopharma (GALE -14.4%) says it plans to offer 8.5M shares of its common stock at $1.50/share. The developer of cancer treatments says it wants to use the proceeds for working capital and other general corporate needs, including clinical trials.