SAN RAMON, Calif., Aug. 14, 2017 (GLOBE NEWSWIRE) -- Galena Biopharma, Inc. (NASDAQ:GALE), a biopharmaceutical company developing hematology and oncology therapeutics that address unmet medical needs, today reported its financial results for the quarter ended June 30, 2017.
“Last week we made a transformative announcement to merge with SELLAS Life Sciences Group in what we believe is the best option for our stockholders,” said Stephen F. Ghiglieri, Interim Chief Executive Officer and Chief Financial Officer. “We reached out to hundreds of companies through our financial advisor during our review of strategic alternatives; and, after considerable effort and evaluation of alternative options, we chose SELLAS due to our belief that the combination of our two development pipelines gives our stockholders the best opportunity for a potential return on their investment in Galena.”
“Last week we made a transformative announcement to merge with SELLAS Life Sciences Group in what we believe is the best option for our stockholders,” said Stephen F. Ghiglieri, Interim Chief Executive Officer and Chief Financial Officer. “We reached out to hundreds of companies through our financial advisor during our review of strategic alternatives; and, after considerable effort and evaluation of alternative options, we chose SELLAS due to our belief that the combination of our two development pipelines gives our stockholders the best opportunity for a potential return on their investment in Galena.”
