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Monday, 02/27/2012 8:23:39 AM

Monday, February 27, 2012 8:23:39 AM

Post# of 97239
GALE:Galena Biopharma Establishes Record Date for Spin-Off Stock Dividend of RXi Pharmaceuticals Shares

LAKE OSWEGO, Ore., Feb. 27, 2012 (GLOBE NEWSWIRE) -- Galena Biopharma, Inc. (Nasdaq:GALE - News), a biotechnology company focused on developing innovative, targeted oncology treatments, today announced, as required by NASDAQ Listing Rule 5250(e)(6), that its Board of Directors has declared a conditional spin-off stock dividend on Galena common stock of one share of common stock of RXi Pharmaceuticals Corporation, a subsidiary of Galena, for each outstanding share of Galena common stock. The dividend of RXi shares will be made pursuant to the registration statement filed by RXi with the Securities and Exchange Commission and declared effective on February 14, 2012.

http://finance.yahoo.com/news/Galena-Biopharma-Establishes-pz-4113368673.html?x=0

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