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Stock Market & Financial Investment News

News Breaks
March 19, 2014
09:03 EDTGALEGalena SEC investigation should not affect value of assets, says Maxim
Maxim sees the worst case scenario from the SEC's investigation into Galena's stock promotion practices as the agency finding some liability with management. The firm says such an outcome should not materially affect the value of the company's underlying assets and it keeps a Buy rating on the stock with an $11 price target.
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August 21, 2014
07:15 EDTGALEGalena announces resignation of CEO Mark Ahn
Galena Biopharma announced that Mark Schwartz, Ph.D., has been appointed as President and CEO, effective immediately. Dr. Schwartz was previously Galena's COO. He replaces Mark Ahn, Ph.D. who has resigned as the President and CEO and as a director of the company to pursue "other long held personal and professional goals." It is expected that Dr. Schwartz will also be appointed to Galena's board.
05:32 EDTGALEGalena fired CEO over stock promotion scandal, Feuerstein says
Galena fired its CEO Mark Ahn following a stock promotion scandal, The Street's Adam Feuerstein reported last night, citing a source close to the company. A public announcement is coming today, Feuerstein added.

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