Distant bell starts to toll for near-bankrupt Clovis
The game is nearly up for Clovis Oncology (Nasdaq: CLVS).
Founded in 2009, the Colorado, USA-based biotech has focused on developing and commercializing cancer products but its fortunes have been dependent on the success of the company’s wholly-owned PARP inhibitor, Rubraca (rucaparib).
"We will not have sufficient liquidity to maintain our operations beyond January 2023"
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