Shares of Galena Biopharma, Inc. (NASDAQ:GALE) has price volatility of 14.33% in last 5 days trading session, as shares of firm closed at $0.63 by are increasing of 0.85% in last session. Shares price moving down from its 20 days moving average with -4.82% and isolated negatively from 50 days moving average with -47.65%.
Galena Biopharma (GALE) presented that final analysis from the GALE-301 (E39) investigator-sponsored Phase 1/2a clinical trial. “This final data from our early stage clinical trial demonstrates that GALE-301 is well tolerated and we were able to obtain statistically important disease free survival in a small number of patients treated with the optimal dose,” said BijanNejadnik, M.D., Executive Vice President and Chief Medical Officer.
“The data also showed a meaningful correlation between delayed type hypersensitivity reactions and clinical outcomes indicating that the vaccine is able to generate an immune response. The results of the trial also reiterate our focus on treating patients with primary disease after their initial standard of care treatment where we believe GALE-301 may provide the most benefit. On behalf of the entire Galena team, we would like to thank Dr. Maxwell and Dr. George Peoples whose work on our immunotherapy vaccines targeting FBP have set the stage for potential future trials to prevent ovarian cancer recurrence.”
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AstraZeneca PLC (NYSE:AZN) slightly up 0.56% to close at $30.69 as 4.35 Million shares changed hands in regular trading session. The firm is going down from its 52 week high price of -8.30%. AstraZeneca (AZN) reported it has entered a strategic collaboration with Circassia Pharmaceuticals plc, a respiratory biopharmaceutical company, for the development and commercialisation of Tudorza and Duaklir* in the US.
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Shares of Caladrius Biosciences, Inc. (NASDAQ:CLBS) swings by following news as it jumped up 12.35% to $5.73 in latest trading flood. Caladrius Biosciences (CLBS) reported that it sells stake in PCT to Hitachi Chemical for $75 million. Caladrius Biosciences announces that it has signed a definitive contract in which its remaining 80.1% ownership interest in its PCT, LLC subsidiary will be purchased by Hitachi Chemical Co.
America for $75 million in cash; and in addition there is the potential for Caladrius to receive an additional cash payment of $5 million if PCT achieves a certain revenue-based milestone. A $5 million payment from Hitachi Chemical to Caladrius was triggered upon signing the Contract and $70 million is due upon closing the transaction, $5 million of which will be placed into escrow to cover indemnification claims of Hitachi Chemical, if any. The closing is expected to occur in May 2017 subject to approval by Caladrius’ shareholders and customary closing conditions. The return on equity was -442.30%. The company’s Debt to equity ratio was 2.44.
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