Progenics shares jump 21% premarket after FDA says it will review treatment for rare cancer [MarketWatch]
PROGENICS PHARMACEUTICALS (PGNX)
Last progenics pharmaceuticals earnings: 8/9 07:30 am
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Source: MarketWatch
Progenics shares jump 21% premarket after FDA says it will review treatment for rare cancer Shares of Progenics Pharmaceuticals Inc. PGNX, +14.53% surged 21% in premarket trade Friday, after the company said the U.S. Food and Drug Administration has accepted for review its new drug application for Azedra in patients with rare neuroendocrine tumors. "With no FDA-approved therapies for these rare tumors, AZEDRA has the potential to address the high unmet need of patients with malignant pheochromocytoma and paraganglioma," Chief Executive Mark Baker said in a statement. The NDA is based on data from a mid-stage trial that met its primary and secondary endpoints, said the company. Progrenics shares are down 32% in 2017 through Thursday, while the S&P 500 SPX, +0.05% has gained 20%.
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