Puma Biotech says cancer drug fails mid-stage study

November 13, 2014 10:31 PM

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(Reuters) - Puma Biotechnology Inc said its cancer drug failed as a primary treatment for breast cancer patients in a mid-stage study, sending its shares down 14 percent in extended trading.

The company said the drug, neratinib, did not significantly improve disease-free survival when given in combination with chemotherapy agent paclitaxel as a primary treatment.

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