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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for GALE
The Legacy News
31 Jul 15 12:57:36
Galena Biopharma Receives Buy Rating from Roth Capital $GALE http://t.co/VKKlbuYTLL
Stocks News&Markets
31 Jul 15 07:19:54
Nate made $932 on $GALE -Check it out! http://t.co/7tIzCRCPiJ Learn #howtotrade http://t.co/axK8SMSgo9 $NETE $GSB $MWW $DNN $NOR
Stock Market Picks
31 Jul 15 06:11:08
$FCEL $FTR $GALE $GLUU $SIRI #pennystocks, Trade Long and short or long only, up to 1900% in profits since 2011 http://t.co/yipJpHSzxe $QQQ
Mark Trader
31 Jul 15 06:00:58
100% non-compensated picks at http://t.co/R6BGOmTldH. That is awesome. Related: $IMRS $AVEO $GALE $NTRR $MEIP $BAA
brian sweetheart
31 Jul 15 05:57:27
Voted top trading group. http://t.co/5eVXN8RJLp Related: $MHR $VICL $MCP $GALE $XCO $GSAT
_JamisonG_
31 Jul 15 05:32:23
I'd like a $GALE long at $1.50
Stock Market Picks
30 Jul 15 19:37:09
$FCEL $FTR $GALE $GLUU $SIRI #pennystocks, Trade Long and short or long only, up to 1900% in profits since 2011 http://t.co/yipJpHSzxe $QQQ
Michael Cook
30 Jul 15 18:02:51
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $ETEK $GALE $RSOL
Michael James
30 Jul 15 18:01:48
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $ETEK $GALE $RSOL
Paul Henry
30 Jul 15 17:59:51
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $ETEK $GALE $RSOL
Mahmoud
30 Jul 15 15:19:04
"@AnalystRatingsNetwork Galena Biopharma's buy rating reiterated at Roth Capital. $8.00 PT. http://t.co/UBwzFNw7nj $GALE"
Michael Cook
30 Jul 15 11:26:20
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $ETEK $GALE $RSOL
Michael James
30 Jul 15 11:22:54
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $ETEK $GALE $RSOL
Paul Henry
30 Jul 15 11:20:28
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $ETEK $GALE $RSOL
WatchTheFunds
30 Jul 15 11:17:02
$GALE Institutional ownership up 13.89% Q/Q, with 7,747,510 net purchase http://t.co/xsraK4meAl http://t.co/KgFMI9blH5
FirstToMarkets
30 Jul 15 09:15:07
Galena Biopharma, Inc. Reiterated Rating by Roth Capital (Ranked 67th) to Buy with 8 PT $GALE #GALE http://t.co/O9TkoV1yws
Homegameralert
30 Jul 15 09:12:34
grabbing some $PSID, $ADXS, $KERX, $ANIP, $BONE, $ACHN, $EXEL, $GALE, $KITE, and $NVGN, take look small cap and great second half& pipelines
MarketBeatCom
30 Jul 15 09:12:14
Galena Biopharma's buy rating reiterated at Roth Capital. $8.00 PT. http://t.co/rfN7jNno6L $GALE #GALE
Ticker Report
30 Jul 15 09:11:37
Galena Biopharma Earns Buy Rating from Roth Capital $GALE http://t.co/k3DCYBoB0c
Dakota Financial
30 Jul 15 09:08:58
Galena Biopharma Earns Buy Rating from Roth Capital $GALE http://t.co/9vFxlDc9l6
US Consumer News
30 Jul 15 09:02:22
Galena Biopharma's buy rating reiterated at Roth Capital. $8.00 PT. http://t.co/QIDxURyu8Z $GALE #GALE
William Gerber
30 Jul 15 08:58:17
@SmarterAnalyst By Reiterating $GALE as BUY, @ROTHCapital reiterates itself as a top sewage scum sucking pseudo bank in USA.@SEC_Enforcement
Smarter Analyst
30 Jul 15 08:49:42
$GALE Here's Why Roth Capital Reiterated Buy on Galena Biopharma Inc (GALE) http://t.co/zsrHKkTaL4
Michael Cook
30 Jul 15 08:16:43
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0wdoH $ETEK $GALE $RSOL
Michael James
30 Jul 15 08:12:58
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $ETEK $GALE $RSOL
Paul Henry
30 Jul 15 08:09:10
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $ETEK $GALE $RSOL
Christos A
30 Jul 15 07:59:03
$GALE Tesaro inks license deal with Jiangsu Hengrui for exclusive distribution of rolapitant in China http://t.co/BTJfUI227T
Healthcare Stocks
30 Jul 15 06:52:15
Tesaro inks license deal with Jiangsu Hengrui for exclusive distribution of rolapitant in ... http://t.co/KPgXMVW83P $TSRO $GALE $HRTX $MRK
Breaking News
30 Jul 15 06:52:15
Tesaro inks license deal with Jiangsu Hengrui for exclusive distribution of rolapitant in ... http://t.co/bVoYbK5y9J $TSRO $GALE $HRTX $MRK
WatchTheFunds
30 Jul 15 06:46:02
$GALE Institutional ownership up 13.89% Q/Q, with 7,747,510 net purchase http://t.co/xsraK4meAl http://t.co/mkhYS8Y8HI
Stock Rocket
30 Jul 15 05:58:37
Intersting article about a new stock pick site. http://t.co/nU3hf3Cf56. Related: $MINE $GALE $VGTL $IGRW $ADMD $CVVIF $YGE
Christos A
30 Jul 15 05:41:10
"@TalkMarkets: Galena Biopharma Launches Anti-Nausea Drug Zuplenz $GALE http://t.co/VkVzSc32ap"
brian sweetheart
30 Jul 15 05:36:48
Voted top trading group. http://t.co/5eVXN8RJLp Related: $MHR $VICL $MCP $GALE $XCO $GSAT
TalkMarkets
30 Jul 15 00:09:01
Galena Biopharma Launches Anti-Nausea Drug Zuplenz $GALE http://t.co/B2oei4oi5u
Michael Cook
29 Jul 15 23:17:50
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $ETEK $GALE $RSOL
Paul Henry
29 Jul 15 23:15:17
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $ETEK $GALE $RSOL
Michael James
29 Jul 15 23:14:01
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $ETEK $GALE $RSOL
Darren Goodwin
29 Jul 15 20:34:14
RT @MarketsRecap: Galena Biopharma Launches Anti-Nausea Drug Zuplenz $GALE http://t.co/cosyOs5bbZ
TalkMarkets Recap
29 Jul 15 18:09:05
Galena Biopharma Launches Anti-Nausea Drug Zuplenz $GALE http://t.co/cosyOs5bbZ
Stock Market Picks
29 Jul 15 17:35:14
$FCEL $FTR $GALE $GLUU $SIRI #pennystocks, Trade Long and short or long only, up to 1900% in profits since 2011 http://t.co/yipJpHSzxe $QQQ
Michael Cook
29 Jul 15 16:25:37
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0wdoH $ETEK $GALE $RSOL
Paul Henry
29 Jul 15 16:22:42
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $ETEK $GALE $RSOL
Michael James
29 Jul 15 16:22:38
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoXnIev $ETEK $GALE $RSOL
UNITY.
29 Jul 15 16:11:26
RT @OTCStockRocket: Intersting article about a new stock pick site. http://t.co/nU3hf3Cf56. Related: $MINE $GALE $VGTL $IGRW $ADMD $CVVIF…
WatchTheFunds
29 Jul 15 12:39:02
$GALE Institutional ownership up 13.89% Q/Q, with 7,747,510 net purchase http://t.co/xsraK4meAl http://t.co/mVPSCtrsKR
Stock Rocket
29 Jul 15 11:40:24
Intersting article about a new stock pick site. http://t.co/nU3hf3Cf56. Related: $MINE $GALE $VGTL $IGRW $ADMD $CVVIF $YGE
brian sweetheart
29 Jul 15 11:37:39
Voted top trading group. http://t.co/5eVXN8RJLp Related: $MHR $VICL $MCP $GALE $XCO $GSAT
Daniel Ward
29 Jul 15 11:35:31
I've seen a lot of $ABEO posts recently. Longs, why is Mark Ahn still involved after the $GALE fiasco?
TalkMarkets
29 Jul 15 11:31:24
Galena Biopharma Launches Anti-Nausea Drug Zuplenz $GALE http://t.co/B2oei4oi5u
Michael Cook
29 Jul 15 10:43:41
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $ETEK $GALE $RSOL
				
				
By  +Follow October 3, 2013 5:04AM
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