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Shares of Galena Biopharma (GALE +12.9%) are on a tear this morning after reporting a better...

Shares of Galena Biopharma (GALE +12.9%) are on a tear this morning after reporting a better than anticipated Q3 loss of $0.09 per share, narrower than the prior year's EPS loss of $0.13 and beating the Street consensus for a loss of $0.10. Operating losses decreased Y/Y, largely due to writedown's taken during Q311 due to discontinued operations, which were driven by the company's ongoing, late-stage trial for NeuVax and the spin-off of a pharmaceuticals subsidiary.

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