Puma Biotechnology Inc Stock Price, News & Analysis

Puma Biotechnology, Inc. (NASDAQ: PBYI) reported Q1 2022 financial results, showing a product revenue decrease to $40.7 million from $45.8 million in Q1 2021. The company posted a net loss of $3.4 million, compared to net income of $16.5 million in the same period last year. Total revenue fell to $45.7 million, down from $98.2 million, with significant reductions in operating costs to $46.4 million. Cash, cash equivalents, and marketable securities decreased to $73.9 million. Puma anticipates key milestones in 2022, including Phase II data from clinical trials and discussions with the FDA regarding neratinib.

Puma Biotechnology (NASDAQ: PBYI) announced the titles of abstracts for neratinib to be presented at the 2022 American Society of Clinical Oncology (ASCO) Annual Meeting from June 3-7 in Chicago. Key studies include the SUMMIT trial on neratinib with fulvestrant and trastuzumab for HR+, HER2-negative, HER2-mutant metastatic breast cancer, and targeting HER2 mutation-positive advanced biliary tract cancers. Full abstracts will be available online on May 26.

Puma Biotechnology (NASDAQ: PBYI) will host a conference call on May 5, 2022, at 1:30 p.m. PDT to discuss its Q1 2022 financial results. Interested parties can join the call by dialing (866) 682-6100 domestically or (862) 298-0702 internationally, and are advised to call in 10 minutes early. A live webcast will be available on the company’s website, and a replay will be archived for 90 days. Puma focuses on innovative cancer care products and is known for its oral neratinib, approved by the FDA for breast cancer treatment.

Puma Biotechnology, Inc. (NASDAQ: PBYI) announced on April 1, 2022, the grant of 31,875 inducement restricted stock unit awards to four new non-executive employees. These awards, approved by the Compensation Committee, will vest over three years, with one-third vesting after one year and the remainder in six-month intervals. This initiative is part of Puma's 2017 Employment Inducement Incentive Award Plan and complies with Nasdaq Listing Rule 5635(c)(4).

Puma focuses on innovative cancer care solutions, including the marketed product NERLYNX®.

Puma Biotechnology (Nasdaq: PBYI) announced a private placement agreement to sell 3,584,228 shares at $2.79 each, totaling around $10 million. The deal involves CEO Alan Auerbach and Athyrium Capital Management. The funds will be used for general corporate purposes and the closing is expected by March 10, 2022, pending customary conditions. The shares are not registered under the Securities Act, but Puma plans to file a registration statement for their resale.

Puma Biotechnology, Inc. (NASDAQ: PBYI) announced that Alan H. Auerbach, its CEO, will participate in a breast cancer panel at Cowen's 42nd Annual Health Care Conference. This virtual event is scheduled for Wednesday, March 9, at 2:10 p.m. ET. A live webcast will be available on Puma's website and archived for 30 days. Puma focuses on developing innovative cancer treatments, with products like NERLYNX® (neratinib) aimed at HER2-positive breast cancer.

Puma Biotechnology (NASDAQ: PBYI) announced on March 1, 2022, the approval of an inducement restricted stock unit award for 9,375 shares to a new non-executive employee. This award, part of Puma’s 2017 Employment Inducement Incentive Award Plan, vests over three years, with a third vesting on the first anniversary and one-sixth every six months thereafter, contingent on continued service. The grant complies with Nasdaq Listing Rule 5635(c)(4), serving as an inducement for the new hire.

Puma Biotechnology, Inc. (NASDAQ: PBYI) reported its financial results for Q4 and the full year 2021. The company generated $51.0 million in product revenue for Q4 2021, a slight increase from $50.0 million in Q4 2020, while full-year product revenue fell to $189.1 million from $196.7 million. Puma achieved a net income of $4.2 million in Q4 2021 versus a net loss of $15.0 million in Q4 2020. Total revenue for 2021 was $253.2 million, an increase from $225.1 million in 2020. The company expects key milestones in the coming year related to its HER2-positive breast cancer treatment.

Puma Biotechnology, Inc. (NASDAQ: PBYI) will hold a conference call on Thursday, March 3, at 1:30 p.m. PST/4:30 p.m. EST to discuss its fourth quarter and full year 2021 financial results. Investors can participate by calling 1-877-709-8150 (domestic) or 1-201-689-8354 (international). A live webcast and presentation slides will be available on Puma's website. The replay will be accessible one hour after the call for 90 days. Puma focuses on developing innovative cancer treatments, including its FDA-approved drug, NERLYNX® (neratinib), for HER2-positive breast cancer.