Puma Biotechnology settles defamation lawsuit for $16M; payments due in 2023 and 2024

PUMA BIOTECHNOLOGY, INC.

Settlement with Dr. Fredric Eshelman for $16M resolves defamation lawsuit; no admission of liability.
First payment of $8M due by Jan 31, 2023; second payment of $8M due by Nov 1, 2024.
Original jury award of $22.4M vacated on appeal; settlement avoids new trial on damages.
Lawsuit dismissed with prejudice; each party bears its own costs and fees.

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