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Galena Biopharma  (GALE) Announces Closing of Public Offering of Common Stock and Warrants


9/19/2013 9:45:09 AM

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PORTLAND, Ore., Sept. 18, 2013 (GLOBE NEWSWIRE) -- Galena Biopharma, Inc. (Nasdaq:GALE), a biopharmaceutical company developing and commercializing innovative, targeted oncology treatments that address major unmet medical needs to advance cancer care, today announced the closing of its previously announced underwritten public offering of 17,500,000 shares of common stock, and warrants to purchase an aggregate of 6,125,000 shares of common stock at an exercise price of $2.50 per share. The underwriters also exercised their over-allotment option to purchase warrants to purchase an aggregate of 918,750 shares of common stock. The warrants are immediately exercisable and expire on the fifth anniversary of the date of issuance. The shares of common stock and the warrants will be issued separately and will be separately transferable immediately upon issuance.

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