Puma, CANbridge Team Up To Commercialize Nerlynx In China
Zacks Investment Research | Feb 01, 2018 10:00PM ET
Puma Biotechnology, Inc. (NASDAQ:PBYI) entered into an exclusive agreementwith a biopharmaceutical company, CANbridge under which the latter will develop and commercialize Nerlynx (neratinib) in mainland China, Taiwan, Hong Kong, and Macau (greater China).
Nerlynx received an FDA approval in July 2017 for the extended adjuvant treatment of patients with early-stage HER2 over expressed/amplified breast cancer who have been previously treated with Roche's (OTC:RHHBY) Herceptin-based adjuvant therapy. Notably, Nerlynx is the first anti-HER2 treatment to be approved by an extended adjuvant therapy for the indication. It is marketed in the United States as Nerlynx tablets. It is currently not approved for commercialization outside the United States.
Puma’s shares have outperformed the Zacks Investment Research
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