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Maxim Group Cuts Price Target on Galena Biopharma (GALE) After Meeting with Management

July 11, 2016 7:30 AM EDT

Maxim Group maintained a Buy rating on Galena Biopharma (NASDAQ: GALE), and cut the price target to $2.00 (from $4.00), after meeting with management. The NeuVax study has been discontinued. However, following a recently announced capital raise, Galena is well-funded with $32M in cash to... More