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Galena Biopharma (GALE) Launches New Product for Cancer Pain

By  +Follow October 3, 2013 5:04AM
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In its first foray into the commercial drug world, small cap Galena Biopharma (GALE) said Thursday morning that it has officially launched Abstral® Sublingual Tablets in the United States.  Delivering the medication in an “under the tongue” application, Abstral is indicated for pain in adults 18 and over who are already receiving, and tolerant of, opioid drugs for persistent cancer pain.  It is the only fentanyl sublingual tablet for the management of this type of pain on the market today.

Galena, a Lake Oswego, Oregon-based cancer drug developer, acquired Abstral from Swedish specialty drugmaker Orexo AB in March for sale and distribution in the U.S.  Per the deal, Galena paid Orexo $10 million upfront and is to pay another $5 million within one year, in addition to low double-digit royalties and one-time milestone payments based on pre-specified net sales.

The U.S. market for transmucosal immediate-release fentanyl, or TIRF, is estimated at $400 million.  Investors are cautiously optimistic for Galena to penetrate the TIRF markets given the fact that about one-third of all cancer patients suffer from controlled breakthrough pain.  In late-stage cancer patients, the percentage rises to approximately 80 percent.

The treatment was approved by the Food and Drug Administration in January 2011.  Sales in Europe by ProStrakan/Kyowa Kirin in 2012 totaled $54 million.  Abstral is also sold in Canada by Paladin Labs ($PLB:CA).  In Japan, Kyowa Hakko Kirin has filed for approval of the drug. 

"We believe Abstral delivers best in class performance because it is simple to carry, simple to use, and requires no special handling or disposal,” said Mark J. Ahn, president and chief executive at Galena in a statement today.  “We have a commercial team of highly dedicated, patient-focused professionals with experience in both pain and oncology who have helped us reach this tremendous milestone for Galena."

In September, Galena raised approximately $32.6 million (net proceeds), a portion of which is earmarked for marketing of Abstral as well as its ongoing phase 3 clinical trial of NeuVax™, a drug in development for HER2-positive breast cancer patients.

Last week, Ahn signaled that the company was ready to roll-out Abstral this week.  With that, shares have been on the move upward, rising from around $1.90 last week to a close at $2.29 on Tuesday, a 20 percent climb in six days.  Shares have continued to rise in early Thursday trading, printing as high as $2.58 before pulling back to $2.44 for gains of another 6.5 percent at 11 AM ET as some traders appear to be “selling the news.”

Through Tuesday’s close, shares of GALE were up about 50 percent in 2013.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for GALE
Stock Rocket
22 Nov 14 15:24:24
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $AXAS $GALE $FNFG $BLDP
Stockaholics
22 Nov 14 12:22:42
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $ETEK $GALE $RSOL
Hugh
22 Nov 14 10:44:19
RT @StockSignaling: Movers and Shakers: Making Range Advances: $NYMT $NGL $GOL $KEYS $BERY $EIGI $CAT $TCK $GALE $MRVL $ADSK $NETE $DDS $RL…
Henry R.
22 Nov 14 09:19:07
RT @StockSignaling: Movers and Shakers: Making Range Advances: $NYMT $NGL $GOL $KEYS $BERY $EIGI $CAT $TCK $GALE $MRVL $ADSK $NETE $DDS $RL…
$Stocknewsalerts
22 Nov 14 09:05:22
$GALE Information for Galena Biopharma, Inc. From our Stock News Alerts App
Stock Signaling
22 Nov 14 09:01:36
Movers and Shakers: Making Range Advances: $NYMT $NGL $GOL $KEYS $BERY $EIGI $CAT $TCK $GALE $MRVL $ADSK $NETE $DDS $RLGY $LQ #watchlist
Stock Rocket
22 Nov 14 08:12:58
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $AXAS $GALE $FNFG $BLDP
Langan Stocks
22 Nov 14 07:01:22
clayton: GALE 2.07 Galena Biopharma $GALE added to my http://t.co/0U8cE168rL
FonsieTrader
22 Nov 14 06:55:04
Bullish MACD Crossovers 2/4 $FTI $GALE $GGB $GIS $GLW $HDB $HFC $HIBB $HOT $ISIL $LFL $LK $LQ $MDRX $MGM $MIC $MPEL http://t.co/dzrOvAK2hR
FonsieTrader
22 Nov 14 03:24:32
Bullish MACD Crossovers $ADSK $BLL $BKW $MGM $SFUN $GALE $VVUS $MPEL $S $ROST $UBNT $YPF http://t.co/e4gjCiF3fu #trading #money #stockmarket
Stocks Live
21 Nov 14 23:48:28
Gap up today $EIGI $ESSX $GALE $HIBB $ROST $ZBRA.
Stockaholics
21 Nov 14 23:00:42
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $ETEK $GALE $RSOL
InterCooler
21 Nov 14 22:29:45
Galena Biopharma Shares Up 9.1% After Analyst Upgrade $GALE http://t.co/ZPTuynRpp3
Stock Signaling
21 Nov 14 21:02:03
Movers and Shakers: Making Range Advances: $NYMT $NGL $GOL $KEYS $BERY $EIGI $CAT $TCK $GALE $MRVL $ADSK $NETE $DDS $RLGY $LQ #stockmarket
Stock Rocket
21 Nov 14 20:50:18
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $AXAS $GALE $FNFG $BLDP
clayton
21 Nov 14 19:22:55
GALE 2.07 Galena Biopharma $GALE added to my watch list. Right now with GALE I am watching the last price 2.07 http://t.co/IkU5sqJTq0
clayton
21 Nov 14 19:22:33
$GALE GALE 2.07 Galena Biopharma $GALE stock added to my watch list. Right now with GALE I am watching the last pric http://t.co/WVUSQMYyAk
Rick
21 Nov 14 16:15:26
$GALE I still really like the look into thanksgiving week. Hoping the stock consolidates nice on Monday for another run.
12Stocks.com
21 Nov 14 16:03:57
Smallcap #Stocks Performance $NGVC $EIGI $FWM $GERN $GALE $KEG $BNFT $AREX $ANR $PSUN $ACI $TPLM $CRK more@ http://t.co/GiravokQod
Stock Rocket
21 Nov 14 15:22:19
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $AXAS $GALE $FNFG $BLDP
Stockaholics
21 Nov 14 15:22:00
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $ETEK $GALE $RSOL
Eresh
21 Nov 14 15:11:14
RT @Qbert2600: $GALE Any stock associated with Lincoln Park Capital always goes on massive runs, no matter how crap the co is. LPC Manipula…
equities.com
21 Nov 14 14:32:13
Galena Biopharma Inc. (GALE) Jumps 11.29% on November 21 $GALE http://t.co/CTLMqIuR2v
Jack Trader
21 Nov 14 14:01:05
$GALE Could Galena Biopharma, Inc. Be Running Out of Money? http://t.co/3oBbI2fUAW
equities.com
21 Nov 14 13:58:57
Leading Health Care Stock for Small-Cap Stars is Geron Corp. (GERN) for November 21 $ptie $PRTX $OCRX $GALE $GERN http://t.co/qoj995rnN6
UncleCarlsShoe
21 Nov 14 13:55:57
@ChetStedman5 hey Chet u seem like the authority on $GALE round these parts any idea about next week ? more upside or time for the dump ?
UncleCarlsShoe
21 Nov 14 13:50:56
$GALE I could dump it now flat but screw it think im going to Gamble on it being still in its Pump phase into next week will pray for me
fazo
21 Nov 14 13:50:20
RT @Sstmec: $GALE dont know much about this seems like another Bio pump dump but looking at the 1year chart seems 2.50 or 3.00 if the pump …
equities.com
21 Nov 14 13:49:54
Natural Grocers By Vitamin Cottage Inc (NGVC) is Top Small-Cap Star for November 21 $XXII $OCRX $GALE $GERN $NGVC http://t.co/JknUUhLu3H
UncleCarlsShoe
21 Nov 14 13:49:21
$GALE dont know much about this seems like another Bio pump dump but looking at the 1year chart seems 2.50 or 3.00 if the pump keeps going
UncleCarlsShoe
21 Nov 14 13:45:45
RT @stoxline: $GALE Watch for possible breakout above $2.26. Technical strong buy http://t.co/mZBM1coEpm
UncleCarlsShoe
21 Nov 14 13:45:23
RT @SleekMoneycom: Galena Biopharma PT Raised to $5.00 at MLV & Co $GALE http://t.co/6Wmty69Ysq
UncleCarlsShoe
21 Nov 14 13:45:13
RT @paulwoll: $GALE clears 2.05-2.07 could be a nice % gainer next week...
UncleCarlsShoe
21 Nov 14 13:44:31
RT @WKRBNews: Galena Biopharma Trading Up 9.1% Following Analyst Upgrade $GALE http://t.co/xToZFMpXGL
UncleCarlsShoe
21 Nov 14 13:43:54
RT @Qbert2600: $GALE Any stock associated with Lincoln Park Capital always goes on massive runs, no matter how crap the co is. LPC Manipula…
UncleCarlsShoe
21 Nov 14 13:31:57
RT @Skipjackrick: $GALE as much as it pains me to say this. Galena stock could really get going into Thanksgiving Squeezorama week.
12Stocks.com
21 Nov 14 13:01:30
Smallcap #Stocks Performance $NGVC $EIGI $GERN $GALE $FWM $BNFT $CYTX $PGNX $KEG $MDW $PSUN $EDMC $NEON more@ http://t.co/GiravokQod
Jack Trader
21 Nov 14 12:31:33
$GALE Could Galena Biopharma, Inc. Be Running Out of Money? http://t.co/Y7TEp1fhE0
Mark
21 Nov 14 12:03:08
In that case r u really good, or just lucky. $NFLX $GALE
✨Krystian_v✨
21 Nov 14 11:59:12
$NETE watch happy hour coming and some will cover before close.. because next week it will go much higher :) let's see :OP $GALE
✨Krystian_v✨
21 Nov 14 11:51:49
RT @strategynode: @strategynode $NETE just like $GALE will run next week watch and learn
strategynode
21 Nov 14 11:48:39
@strategynode $NETE just like $GALE will run next week watch and learn
strategynode
21 Nov 14 11:42:01
@strategynode $GALE Holding all my position this is going to run look at the chart and learn why i might even hold until next week
A.Noir
21 Nov 14 11:26:00
@HedgeBound ya sure you are,and crack is a dangerous drug.keep dreaming how is that $gale or $kors pump working for ya? looks down from here
daytraderCB
21 Nov 14 11:21:26
$GALE sold 1K long in at $2.03 out -> $2.13 +.10c scalp.#TeamSkip
Rick
21 Nov 14 11:18:17
$GALE out $2.14 from $2.03
Bryon Franzen
21 Nov 14 11:17:24
$GALE
HedgeBound
21 Nov 14 11:17:12
RT @quantarb: $GALE up almost 10% after receiving $55M capital injection and recruiting for breast cancer study http://t.co/0XtiFo0ct1
Scott Spencer
21 Nov 14 11:17:00
RT @adamfeuerstein: $GALE accesses some vulture capital thru Lincoln Park Capital.
HedgeBound
21 Nov 14 11:16:10
RT @adamfeuerstein: $GALE accesses some vulture capital thru Lincoln Park Capital.
				
				
By  +Follow October 3, 2013 5:04AM
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