Why Shares of AVEO Hit the Brakes Today

Tivozanib, a cancer drug developed by AVEO Pharmaceuticals (NASDAQ: AVEO  ) and Astellas Pharma, is currently under FDA review. Shares of AVEO fell by 5% today after reporting its Q4 results and offering additional details from tivozanib's phase 3 clinical trial. This news has largely been expected by investors since last summer, and health care analyst Max Macaluso breaks down what happened today in this video.

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9/28/2016 2:35 PM
AVEO $0.90 Up +0.00 +0.23%
AVEO Pharmaceutica… CAPS Rating: **