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0 -0.00125039074710856 -0.00125039074710856 -0.00125039074710856 0.00343857455454828 -0.000625195373554222 -0.00750234448265089 -0.00281337918099406
Stock impact report

So Your Biotech Announced Positive Phase 3 Results? Celebrating Could be Premature [The Motley Fool]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: The Motley Fool
Investors know that drug development is an expensive and risky endeavor. Most drug candidates fail clinical trials, which is why the direct research and development necessary for each drug candidate that finally makes it to market costs hundreds of millions of dollars. That makes successful drug candidates exceedingly rare and valuable assets, especially for development-stage pharmaceutical companies that lack product revenue.Yet while most discussions about drug development consider late-stage clinical trials to be the ultimate end goal for investors, the reality is a little more complicated. Successful outcomes in phase studies don't guarantee success on the market.Investors have found this out the hard way withPuma BiotechnologyNASDAQ:PBYIAerie PharmaceuticalsNASDAQ:AERIRigel PharmaceuticalsNASDAQ:RIGLpharma stocksImage source: Getty Images.Tripped up by ramp upPuma Biotechnology earned initial marketing approval for Nerlynx neratinib) in July 07. The U.S. Food and Drug Administra Show less Read more
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