On April 10, 2023 Clovis Oncology reported after four months of filing for bankruptcy, the company has agreed to sell its remaining assets, including the rights to ovarian cancer drug Rubraca, to Swiss company Pharma& Schweiz GmbH for $70 million upfront, with an additional $50 million tied to regulatory milestones and $15 million in sales-related milestones. Commercial challenges with Rubraca, approved in 2016, contributed to the company’s failure. Rubraca is a PARP inhibitor, a class of cancer drugs currently under scrutiny, including AstraZeneca and Merck’s Lynparza and GSK’s Zejula.

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(Press release, Clovis Oncology, APR 10, 2023, View Source [SID1234661590])