Wednesday, July 23, 2014 6:23:54 PM
"Patients in the trial were treated with neratinib after adjuvant treatment with cancer drug trastuzumab in women with early-stage HER2-positive breast cancer.
Adjuvant treatment with the drug showed a statistically significant improvement in disease-free survival of 33 percent versus patients on placebo, according to trial data.
Adjuvant treatment, or additional treatment, is given after the primary treatment."
Puma, which doesn't have a drug on the market, will have to pay Pfizer double-digit royalties and Puma will be responsible for on-going clinical trial expenses. Puma also has about $195M in cash.
I don't think CTIX is similarly situated to Puma, I think CTIX is much, much better situated than Puma. Here's a link for story:
http://news.yahoo.com/puma-says-cancer-drug-meets-trial-goal-shares-220151726--finance.html?soc_src=mediacontentstory
Puma's 7-22 S/P= $59.03 Puma's 7-23 S/P=$233.43 Puma mkt cap=$7B
$7B mkt cap for CTIX=$66 for shares outstanding
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