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U.S. FDA approves Puma Biotech's breast cancer treatment

(Reuters) - The U.S. Food and Drug Administration (FDA) on Monday approved Puma Biotechnology Inc's experimental breast cancer drug that lowers the risk of the disease returning after initial treatment.

Shares of Los Angeles-based Puma Biotech jumped 9.7 percent to $94.45 in after-hours trading. The stock has so far more than doubled in value since May when the FDA said in a preliminary review that...


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