LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating Puma Biotechnology, Inc. (“Puma” or the “Company”) (NYSE: PBYI) concerning possible violations of federal securities laws.
If you purchased or otherwise acquired Puma shares and would like more information regarding the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at email@example.com.
The investigation focuses on whether Puma and certain of its officers and/or directors violated federal securities laws. On November 14, 2016, news of an investigation of an open-label Phase 2 clinical trial (“CONTROL”) was revealed. The investigation concerned the incidence rate of severe diarrhea (grade 3) in early stage HER2+ breast cancer patients receiving Puma’s Neratinib drug (the “incidence rate”). Following this high incidence of approximately 40%, the CONTROL study investigated the incidence rate where the antidiarrheal prophylaxis Loperamide was dispensed. The investigation showed a high incidence rate stayed at about 27% and that the CONTROL study was then extended to include a group of patients who were administered Loperamide and the corticosteroid Budesonide. The incidence rate did drop, but was still at 12.9%. When this news was announced, shares of Puma fell in value.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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