Galena Settles Investor Lawsuits Following Successful RXi Spinout | GenomeWeb

Galena Biopharma, the former parent firm of RXi Pharmaceuticals, has settled four lawsuits filed by investor groups that had raised questions about its now-completed spinout of the RNAi drug developer.

As part of settlement agreements, the plaintiffs “have agreed to dismiss with prejudice all of their claims in these actions,” Galena said in a filing with the US Securities and Exchange Commission. “In exchange, we have agreed to reimburse the plaintiffs for a specified amount of fees and costs they incurred.”

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