Lake Oswego firm Galena Biopharma defends itself over marketing campaign, insider sell-off
Lake Oswego firm Galena Biopharma defends itself over marketing campaign, insider sell-off | OregonLive.com
Lake Oswego firm Galena Biopharma defends itself over marketing campaign, insider sell-off | OregonLive.com
A Lake Oswego biotech firm that saw its stock price more than triple since July has watched it plummet in recent days after company insiders -- including directors and officers -- made millions by selling hundreds of thousands of shares.
The stock drop appears fueled, in part, by an online reporter's disclosure of the stock selloff and a marketing campaign funded by the biotech firm, Galena Biopharma. The campaign to woo investors may have crossed a line by not revealing who paid for it, some observers say.
