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Biolase Inc.&Galena Biopharma Inc. News and Reports: (NASDAQ:BIOL), (NASDAQ:GALE)


New York, NY -- (ReleaseWire) -- 04/12/2013 --BIOLASE, Inc. (NASDAQ:BIOL) announced that the U.S. Food and Drug Administration (FDA) has cleared the EPIC 10S™ soft tissue diode laser for use as a surgical instrument for over 80 different indications in 19 medical markets including: ear, nose and throat, oral surgery, arthroscopy, gastroenterology, orthopedics, general surgery, dermatology, plastic surgery, podiatry, GI/GU, gynecology, neurosurgery, ophthalmology, pulmonary surgery, cardiac surgery, thoracic surgery, urology, dermatology, aesthetics, and vascular surgery.

The EPIC 10S is the surgical model of the recently released, next-generation dental EPIC 10™.

"We are extremely pleased to receive clearance for such a broad number of indications and procedures for our EPIC platform. The clearance for the EPIC 10S is based on the clearance we received in February 2013 for our older Diolase soft tissue diode laser and, needless to say, we are extremely happy to have received it so quickly," said Federico Pignatelli, Chairman and Chief Executive Officer.

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Galena Biopharma Inc. (NASDAQ:GALE) traded at $ 2.45 in the last session, which is +0.15 (6.52%). The stock has a Range of 2.24 - 2.45. The stock has a 52 week low and high of 1.04 - 2.45 respectively. The stock has a Market Cap of 203.52M. The stock traded a volume of 3.92M. The stock has a 30 day average volume of 1.47M.

GALE announced last month that it has entered into an agreement with Orexo AB (ORX.ST), an emerging specialty pharmaceutical company based in Sweden, to acquire Abstral(R) (fentanyl) Sublingual Tablets for sale and distribution in the United States.

Galena Biopharma, Inc., a biopharmaceutical company, focuses on developing oncology treatments to address major unmet medical needs to advance cancer care.

Find out if GALE could maintain its momentum by getting the free and full trend analysis report here:

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