On or around 06/13/2017 (Notice of voluntarily dismissal)
Filing Date: May 08, 2017
According to the law firm press release, Puma Biotechnology, Inc. is a development-stage pharmaceutical company that is primarily focused on acquiring and developing drug products. At all relevant times, Puma’s primary focus has been the development of the drug PB272 (“neratinib”). Neratinib was initially developed by the pharmaceutical companies Wyeth and Pfizer Inc. (“Pfizer”), and Puma acquired the rights to license the drug in 2011.
Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company did not anticipate that the U.S. Food and Drug Administration’s (“FDA”) would ultimately approve neratinib for the treatment of breast cancer; (ii) as such, Puma had overstated the drug’s approval prospects and/or commercial viability; and (iii) as a result, Puma’s public statements were materially false and misleading at all relevant times.
On June 13, 2017, Plaintiff filed a Notice voluntarily dismissing this action.
Company & Securities Information
Defendant: Puma Biotechnology, Inc.
Industry: Biotechnology & Drugs
Headquarters: United States
Ticker Symbol: PBYI
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Anthony Nadaskay, et al. v. Puma Biotechnology, Inc., et al.