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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
MAISA
22 Oct 14 15:22:02
@GrayFitzy expect from now until end of 2016 $GALE needs to raise money 2-3 times more.
MAISA
22 Oct 14 15:19:19
@GrayFitzy $GALE current cash is good thru 2ndQ2015 at BEST!
MAISA
22 Oct 14 15:18:31
@GrayFitzy $GALE is low on cash. We know that and we know $GALE needs to RAISE more cash soon. probably in 3-6 months = HELLO $1/sh or less
MAISA
22 Oct 14 15:10:01
@GrayFitzy LOL u dont know much about SHORT strategies $GALE
MAISA
22 Oct 14 15:06:10
$GALE S-3 $3.32M = 2M shares x $1.66/sh = NICE TO COVER SHORTED POSITION! Congratulation! yippe!
Stockaholics
22 Oct 14 14:27:03
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $ETEK $GALE $RSOL
$Stocknewsalerts
22 Oct 14 11:16:38
$GALE New SEC Document(s) for Galena Biopharma, Inc. From our Stock News Alerts App
BuyersStrike
22 Oct 14 11:10:04
Rats fleeing the sinking $GALE ship...here comes an S3 to register 2mm shares.
Large Void Bot
22 Oct 14 11:09:10
14:09 Drops: $GALE -3.7%
Shane Blackmon
22 Oct 14 11:08:50
$GALE files 2m share shelf for selling shareholder
Jablonski
22 Oct 14 11:08:20
RT @theflynews: $GALE Galena files to sell 2M shares of common stock for holders: Full Story http://t.co/Nm2qr4UybZ
The Fly
22 Oct 14 11:08:17
$GALE Galena files to sell 2M shares of common stock for holders: Full Story http://t.co/Nm2qr4UybZ
StockNews
22 Oct 14 11:07:11
$GALE - Securities Registration Statement (simplified Form) (s-3) http://t.co/FPHaG3YDv5
Stocks News&Markets
22 Oct 14 11:07:09
$GALE - Securities Registration Statement (simplified Form) (s-3) http://t.co/YXBd2Pw5ev
NASDAQ
22 Oct 14 11:07:02
$GALE - Securities Registration Statement (simplified Form) (s-3) http://t.co/gGxGkKmTUK
Stockaholics
22 Oct 14 10:26:53
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $ETEK $GALE $RSOL
Homegameralert
22 Oct 14 07:59:36
going green on $GALE great pipeline and growth for future
Eli Pritsker
22 Oct 14 07:53:08
$gale - getting ready to go green today....still think we will test 2 either today or this week
Jack Trader
22 Oct 14 06:32:23
$GALE Galena Biopharma Inc (NASDAQ:GALE) is losing money http://t.co/buBnh7m8O3
Jeffrey Blake
22 Oct 14 06:32:22
$GALE Could Galena Biopharma, Inc. Be Running Out of Money? http://t.co/Mjqf2NBkLO
Stockaholics
21 Oct 14 22:03:59
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $ETEK $GALE $RSOL
Eli Pritsker
21 Oct 14 19:27:21
$gale next stop is 2 and then 2.17 in my humble opinion.
Stockaholics
21 Oct 14 12:42:41
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $ETEK $GALE $RSOL
Stockaholics
20 Oct 14 21:03:30
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $ETEK $GALE $RSOL
Michelle
20 Oct 14 20:04:17
RT @equitiescom: Leading Health Care Stock for Small-Cap Stars is Athersys Inc. (ATHX) for October 16 $ARWR $OMER $ZGNX $GALE $ATHX http://…
Stockaholics
20 Oct 14 17:22:07
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $ETEK $GALE $RSOL
John Turner
20 Oct 14 15:00:50
$GALE Biotech Equities Technical Analysis - ARIAD Pharma, Novavax, Galena ... http://t.co/huskotp8pp
Richard Bailey
20 Oct 14 10:57:44
RT @AlertTrade: via #AlertTrade SHORT Seller Alert $GALE - GALENA BIOPHARMA #ShortSeller #Stocks http://t.co/VS8RO1bzXJ
Day Trade Alerts
20 Oct 14 10:51:45
via #AlertTrade SHORT Seller Alert $GALE - GALENA BIOPHARMA #ShortSeller #Stocks http://t.co/VS8RO1bzXJ
Stockaholics
20 Oct 14 08:45:39
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/YX0NLZhRQ5 $ETEK $GALE $RSOL
Ethan Tai Shaw
20 Oct 14 02:23:33
I'm bullish on $GALE at the @NASDAQ Community - http://t.co/pvIYYwZwtb
Stockaholics
20 Oct 14 00:17:57
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/YX0NLZhRQ5 $ETEK $GALE $RSOL
Stocks News&Markets
19 Oct 14 22:20:13
Nate made $932 on $GALE -Check it out! http://t.co/VL1BcnUBKK Learn #howtotrade http://t.co/axK8SMSgo9 $IBIO $ESI $GAB.R $OXF $GBR
Stockaholics
19 Oct 14 19:57:22
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $ETEK $GALE $RSOL
Stockaholics
19 Oct 14 17:14:45
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $ETEK $GALE $RSOL
TickerChirp
18 Oct 14 12:49:03
Hottest Tweets Concerning $GALE (GALENA BIOPHARMA INC symbol gale) on 10/18/2014 http://t.co/iKc5IspNzN
Stockaholics
18 Oct 14 12:05:40
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $ETEK $GALE $RSOL
$Stocknewsalerts
18 Oct 14 09:05:03
$GALE Information for Galena Biopharma, Inc. From our Stock News Alerts App
Stockaholics
18 Oct 14 03:54:40
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $ETEK $GALE $RSOL
DCam
17 Oct 14 17:56:24
Just sad//"@ChetStedman5: $MNKD $GALE $AMRN $NYMX and $NWBO shareholders should learn from this poor unfortunate guy http://t.co/3Vu5mEUkgn"
hustle1776
17 Oct 14 16:48:10
@Barakotayo didn't $GALE hit 1.50pps? What a steal!
Chet Stedman
17 Oct 14 16:36:16
$MNKD $GALE $AMRN $NYMX and $NWBO shareholders should read this and maybe try to learn from this poor unfortunate guy http://t.co/1KuCGPdaDf
mulahmulah
17 Oct 14 16:11:30
lazy for apple picking I bought more $AAPL, $FEYE going high from here thru holiday re enter $GALE Cut $LAKE for my Mulah Friday...yeah!
SH
17 Oct 14 14:18:29
Put Buying $BWC $RIOM $RHI $IVR $AFOP $HIL $GALE $RCII $ROSE $FET http://t.co/XPatA7aXtA
Stockaholics
17 Oct 14 13:49:06
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $ETEK $GALE $RSOL
Stockaholics
17 Oct 14 09:42:50
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WWP
17 Oct 14 07:03:12
$GALE - double bottom at $1.56 from Mon/Tues .... & looks like $1.92 was a key support/resistance area from Oct 1-2, & 7-10th
WWP
17 Oct 14 06:04:29
$GALE - on watch for day- trades today, 2 day bounce so far, but haven't seen BIG volume day yet. TODAY??
Charles G. Koonitz
17 Oct 14 03:14:39
Watchlist for October 17 $WLT $ACI $GALE $AMRN Downtrend over for the markets? It all depends of a possible intervention by the FED
Stockaholics
16 Oct 14 21:59:41
Platinum Penny Stock Picks Gained 125% last week! New Pick Coming Today! Check It Out: http://t.co/7gQJ2ZCjuq $ETEK $GALE $RSOL
				
				
By  +Follow October 3, 2013 5:04AM
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