Peregrine Pharmaceuticals (PPHM) announced the results from its internal review of discrepancies from its Phase II placebo-controlled trial of bavituximab in second-line non-small cell lung cancer in 121 patients Monday morning. The review indicates that discrepancies are isolated to the placebo and 1 mg/kg treatment arms of the trial and that there was no evidence of discrepancies in the 3 mg/kg treatment arm of the trial.
Peregrine Pharmaceuticals gapped open higher Monday and climbed throughout the first 2 hours of trade. Shares finished up by 1.08 at $2.43, with volume at over a 3-month high. The stock surged to its highest level since late September.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.