Historical valuation data is not available at this time.
Clovis Oncology, Inc. was a biopharmaceutical company focused on acquiring, developing, and commercializing innovative anti-cancer agents in the U.S., Europe, and internationally. The company's primary product was Rubraca (rucaparib), a PARP inhibitor approved for certain ovarian and prostate cancers. Clovis aimed to target cancers with specific DNA repair deficiencies, leveraging precision medicine approaches. However, the company filed for Chapter 11 bankruptcy in December 2022 and subsequently ceased operations, with its assets being liquidated.
Clovis focused on PARP inhibitor technology, with Rubraca being its lead asset. The company held patents related to rucaparib but faced competition from other PARP inhibitors like Lynparza (AstraZeneca) and Zejula (GSK).
Clovis Oncology is no longer a viable investment due to its bankruptcy and liquidation. The company's inability to achieve profitability, coupled with competitive pressures and financial distress, led to its dissolution. Investors should consider the company defunct, with no recovery potential for equity holders.
Clovis Oncology 10-K filings (2021, 2022), bankruptcy court documents, FDA labels for Rubraca, press releases on partnership terminations.