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Puma (PBYI) Q2 Revenue Rises 11%

Puma registered a turnaround in profitability, posting GAAP net income of 5.9millionagainstaGAAPnetlossof5.9 million against a GAAP net loss of 4.5 million in Q2 2024. Expense control was a major factor. Selling, general and administrative (SG&A) costs (GAAP) dropped to 18.0million,down2818.0 million, down 28% compared to Q2 2024, mainly due to reduced legal expenses. Research and development (R&D) expense increased 14% to 15.5 million compared to Q2 2024 (GAAP), mainly due to higher costs linked to trials of alisertib, the investigational cancer trea ...