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Fly News Breaks for December 18, 2018
PBYI
Dec 18, 2018 | 09:40 EDT
RBC Capital analyst Kennen MacKay raised his price target on Puma Biotechnology to $29 after its release of a positive phase 3 NALA trial data which "could establish Nerlynx as Standard of Care in 3L+ metastatic HER2+ breast cancer on paper". The analyst also keeps his Sector Perform rating on the shares, adding that the "commercial uptake" for the program remains a "concern" amid the changes in Standard of Care model to off-label therapies, which he says should keep the stock as a "show me" story.
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