Puma Biotechnology reports Q4 adjusted EPS ($1.22), consensus ($1.92)
Reports Q4 R&D expenses $56.4M vs $52.5M last year. "We made significant progress with the neratinib clinical program during the fourth quarter," said Alan H. Auerbach, Chairman, Chief Executive Officer and President of Puma. "We presented additional results of several ongoing studies at the 2016 San Antonio Breast Cancer Symposium, including our Phase II CONTROL trial of PB272 in the extended adjuvant treatment of HER2-positive early stage breast cancer; a biomarker analysis of the NSABP FB-7 Phase II trial for the neoadjuvant treatment of HER2-positive locally advanced breast cancer; and the Phase II SUMMIT trial of PB272 for ERBB2 mutant, HER2 non-amplified metastatic breast cancer. We also initiated a Managed Access Program for PB272 outside the United States, providing physicians and patients access to PB272 when there are limited or no other therapeutic options available."