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Galena Biopharma reports 4Q loss

SAN RAMON, Calif. (AP) _ Galena Biopharma Inc. (GALE) on Wednesday reported a loss of $5.5 million in its fourth quarter.

The San Ramon, California-based company said it had a loss of 49 cents per share. Losses, adjusted for non-recurring gains, came to 58 cents per share.

For the year, the company reported that its loss narrowed to $23.5 million, or $2.36 per share.

In the final minutes of trading on Wednesday, the company's shares hit 58 cents. A year ago, they were trading at $15.95.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GALE at https://www.zacks.com/ap/GALE


Keywords: Galena Biopharma, Earnings Report