Galena Takes 'Final Steps' to Complete RXi Spinout | GenomeWeb

Galena Biopharma said this week that it has taken the “final steps” to complete its planned spinout of RNAi subsidiary RXi Pharmaceuticals.

According to the firm, it is paying a dividend of one share of RXi stock for each outstanding share of Galena stock. Following the transaction, RXi will operate as an independent company trading on the over-the-counter bulletin board.

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