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8 months ago
BRIEF-Galena Biopharma and its former ceo reached agreement to proposed settlement to resolve an investigation by SEC
December 22, 2016 / 11:08 PM / 8 months ago

BRIEF-Galena Biopharma and its former ceo reached agreement to proposed settlement to resolve an investigation by SEC

Dec 22 (Reuters) - Galena Biopharma Inc :

* Galena Biopharma -on December 22, co and its former ceo reached agreement in principle to proposed settlement that would resolve an investigation by SEC

* Galena Biopharma -investigation by SEC involved conduct in period 2012-2014 regarding commissioning of internet publications by outside promotional firms

* Galena Biopharma- any penalty payment that former ceo will be required to make in connection with matter ($600,000) to be responsibility of former ceo

* Galena Biopharma Inc- based upon proposed settlement framework, company will make a $200,000 penalty payment Source text for:(bit.ly/2i6RYDK) Further company coverage:

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