Galena Biopharma (GALE) Stock: Gains On Positive Trial Data

Galena Biopharma Inc (NASDAQ: GALE)

Galena Biopharma is having an overwhelmingly strong start to the trading session today, and for good reason. The company released positive data from a key clinical trial early this morning, leading to excitement among investors and gains in the stock. As is nearly always the case, our partners at Trade Ideas were the first to inform us of the gains on the stock. At the moment (9:13), GALE is trading at $0.68 per share after a gain of $0.08 per share or 14.21% thus far today.

GALE Presents Positive Data

As mentioned above, Galena Biopharma is having a strong start to the trading session this morning after presenting positive clinical data. The data came from a clinical trial surrounding NeuVax(TM) (nelipepimut-S). The trial combined NeuVax with Trastuzumab to assess the safety of the combination in high-risk HER2 3+ patients. The data proved to be overwhelmingly positive, causing the excitement that we’re seeing surrounding the stock at the moment.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on GALE. In particular, we’re interested in following the company’s ongoing work surrounding NeuVax as the data seems to only be getting better. Nonetheless, we’ll continue to follow the story closely and bring you any updates as they break!

What Do You Think?

Where do you think GALE is headed? Join the discussion in the comments below!

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[Image Courtesy of Wikimedia]

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