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August 04, 2015 7:12 PM ET

Biotechnology

Company Overview of Galena Biopharma, Inc.

Company Overview

Galena Biopharma, Inc., a biopharmaceutical company, focuses on developing and commercializing oncology therapeutics that address major unmet medical needs across cancer care. Its commercial products include Abstral, a sublingual tablet that is used for the management of breakthrough pain in patients with cancer; and Zuplenz, an oral soluble film for use in the prevention of chemotherapy-induced, radiotherapy-induced, and post-operative nausea and vomiting. The company’s lead product candidate, NeuVax (nelipepimut-S), is in Phase III clinical trials for the prevention of recurrence in early- stage and node-positive breast cancer with low to intermediate human epidermal growth factor receptor...

4640 SW Macadam Avenue

Suite 270

Portland, OR 97239

United States

Founded in 2003

57 Employees

Phone:

855-855-4253

Fax:

503- 400-6611

Key Executives for Galena Biopharma, Inc.

Chief Executive Officer, President, Director and Member of Ad Hoc (Strategy, Pricing, Etc) Committee
Age: 60
Total Annual Compensation: $707.1K
Chief Financial Officer and Vice President
Age: 45
Total Annual Compensation: $299.4K
Compensation as of Fiscal Year 2014.

Galena Biopharma, Inc. Key Developments

Galena Biopharma Launches Generic Anti-Nausea Product in U.S

Galena Biopharma announced its Zuplenz Oral Soluble Film has been launched in the U.S. Zuplenz is clinically bioequivalent to ondansetron orally disintegrating tablets, which are used for patients suffering from nausea and vomiting due to chemotherapy, radiation treatments, and surgical procedures. Ondansetron belongs to a class of medications called serotonin 5-HT3 receptor antagonists. The branded version of drugs containing the substance were estimated to have recorded sales of more than $1 billion in the U.S. in 2014.

Galena Biopharma, Inc. Announces Executive Changes

On June 24, 2015, Galena Biopharma, Inc. entered into a separation and consulting agreement with Margaret Kivinski pursuant to which her employment as Vice President and General Counsel was terminated on June 18, 2015 and under which she agrees to consult with the company regarding the legal aspects of business and operations for a six-month period commencing on June 18, 2015 and ending on December 18, 2015, unless the separation and consulting agreement is sooner terminated as provided therein. On June 24,2015, Thomas J. Knapp accepted employment offer letter to serve as interim General Counsel for the six-month period commencing on June 25, 2015 and ending on December 31, 2015. Until recently, Mr. Knapp served as the Executive Vice President, Chief Legal Officer and Corporate Secretary of Sucampo Pharmaceuticals, Inc. He will continue to serve as a consultant to Sucampo Pharmaceuticals, Inc. through August 2015.

Galena Biopharma, Inc. Approves Amendment to Amended and Restated Certificate of Incorporation

Galena Biopharma, Inc. announced that at the annual meeting held on June 19, 2015 approved an amendment to amended and restated certificate of incorporation to increase the number of shares of common stock authorized for issuance by 75,000,000 shares, to a total of 275,000,000 shares.

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