Business
    Next Score View the next score

    Peregrine Pharmaceuticals stock collapses

    Peregrine Pharmaceuticals Inc.’s stock collapsed after the cancer drug developer said the survival rates from its mid-stage lung cancer study reported this month were unreliable, due to a third-party error in conducting the study. A tenfold rise in the stock price over the summer was lost, and the news removed nearly half a billion dollars in market value,
    Wallstcheatsheet.com reported.

    Advertisement