Galena Biopharma late last month completed its spinout of RNAi drugs subsidiary RXi Pharmaceuticals, ending a year-long saga that included an acquisition, litigation, and a management shakeup that included the loss of RXi's CSO.

RXi also disclosed last week that it has appointed Geert Cauwenbergh, who formerly served as CEO of China's Rhei Pharmaceuticals, as its new president and CEO, marking the fourth change in leadership for the firm in three years.

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