The Traderszone Network

Published in TZ Latest News 29 June, 2016 by The TZ Newswire Staff

Why Galena Biopharma Inc. Is Being Obliterated Today

Man On Risk Arrow Pointing Down

Image source: Getty Images.

What: Investors in the small-cap cancer immunotherapy developer Galena Biopharma (NASDAQ: GALE) are having an awful day. The company’s share price has utterly collapsed, falling more than 83% as of 10:00 a.m. EDT on exceptionally high volume after news broke that it’s discontinuing a pivotal Phase 3 clinical trial.

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