Puma admits its breast cancer drug likely won't be approved in Europe

24 January 2018

USA-based Puma Biotechnology (Nasdaq: PBYI) has said it is unlikely to receive the nod from the European medicines regulator for its breast cancer therapy Nerlynx (neratinib) when the agency votes on its application next month.

The announcement caused shares to slide almost a third on the Nasdaq.

While the firm received FDA approval for the therapy last July, the agency’s advisory committee provided a mixed view of its risk-benefit profile, voting 12 to 4 in favor.

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