What's the deal with Kevin Tang & RTW Investments LLC?
Item 1.01 Entry into a Material Definitive Agreement.
On March 5, 2012, Galena Biopharma, Inc. (“we,” “our” or the “Company”) entered into a further amendment to the securities purchase agreement, dated as of September 24, 2011, among the Company, RXi Pharmaceuticals Corporation (“RXi”), and Tang Capital Partners, LP and RTW Investments, LLC (collectively, the “Investors”) in order to extend until March 31, 2012 the date after which the securities purchase agreement may be terminated by either party if the closing shall not have occurred and the maturity date of the outstanding convertible promissory notes of RXi held by the Investors.
RTW is Rod Wong. Hedge Fund with long-short strategy
"The RTW fund is an event-driven vehicle, accoring to Hedge Fund Alert. It invests primarily in stocks—pharmaceuticals, medical device makers and diagnostic tool markets are its current focus—but will also invest it derivatives and fixed-income instruments."