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Galena Biopharma, Inc. Message Board

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  • gizzy2020 gizzy2020 Jul 20, 2011 9:30 AM Flag

    recent drop


    How can you be straight forward when producing a drug.. its in the hands of the fda..if you think they are not being "straight forward".. do not invest

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    • covering the costs for phase III has nothing to do with the FDA... the company has the responsibility to cover the costs... how they plan to do that is up to the company...period.. they need to have a plan and share the plan.. period.. again, their plans for raising the necessary capital has nothing to do with the FDA..

      • 1 Reply to tc_is_gone
      • Look guys this is not easy...

        They can not just come up with a plan and go by that. In their 8-K they did mention how they might raise capital. However, what if they are workin on a partnership? What if there is a big investor comming in? What if they want to buy another company?

        I think they are going to partner with someone... There were a lot of PFE partnership talks and not that Roche is in trouble...

        Phase 3 cost a lot of money and the best way is a partnership where the other company gets millions of shares and in exchange gives them the capital...

        This thing will blow up ... DO NOT SELL... Tax bracket is at 34% for most of you and only 11% for the longs... That is my opinion and I believe RXII will hit it big DNDN did the same thing ... track their record and what happened at the end... $ 50 per share at one point...

        The FDA gave them a special protocol to go into Phase 3 which means good news... 0% recurrence rate is no joke and they know it ...Those protocols are rare and could mean big change...

        They day traders will get into this for the quick buck and many people do not even understand trading they see price going up Let me get in and sell a little higher price going down let me get out before I lose couple of dollars...

        Everything I said is my opinion and I am still strong buy on RXII

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