PUMA BIOTECHNLG (PBYI) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of PUMA BIOTECHNLG (PBYI) from NEUTRAL to UNDERPERFORM on October 14, 2014, with a target price of $213.80.

Puma Biotechnology, Inc. is a biopharmaceutical company focused on the acquisition, in-licensing, development and commercialization of novel therapeutics for the treatment of cancer. Its products under development include PB272 (oral neratinib) for the treatment of patients with human epidermal growth factor receptor type 2 (HER2) positive metastatic breast cancer and gastric cancer and PB272 (neratinib intravenous) for the treatment of patients with advanced cancer. Puma Biotechnology, Inc. is headquartered in Los Angeles, California.

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