Today's announcement is seen as irrelevant, with Nexavar several months ahead in the approval process. Nexavar has established itself as the best-in-class treatment given its superior safety profiling for multiple conditions.
Progen should now turn its attention to the next-generation compound, with the viability of PI-88 coming under the microscope. Expect this one to trade down to cash value in the near term.
Today's announcement is seen as irrelevant, with Nexavar several...
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