Other News To Note
Tuesday, February 28, 2012
Galena Biopharma Inc., of Lake Oswego, Ore., said its board declared a conditional spinoff stock dividend on Galena common stock of one share of common stock of RXi Pharmaceuticals Corp., a subsidiary of Galena, for each outstanding share of Galena common stock. The move was required by Nasdaq. RXi and Galena split into two separate, publicly traded firms last year, with RXi focusing on RNAi therapeutics and Galena taking over the firm's targeted cancer therapies.
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