Another Breakthrough Therapy designation for Rubraca
Shares of Clovis Oncology (Nasdaq: CLVS) shot up 7.7% to $31.39 by close of trading Tuesday, after the company revealed that the US Food and Drug Administration had granted another Breakthrough Therapy designation for its already marketed Rubraca(rucaparib).
This is as a monotherapy treatment of adult patients with BRCA1/2-mutated metastatic castration-resistant prostate cancer (mCRPC) who have received at least one prior androgen receptor (AR)-directed therapy and taxane-based chemotherapy.
Rubraca generated sales of $23.8 million in sales for the second quarter of 2018 compared to $14.6 million for the like 2017 period.
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