Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Clovis Oncology stock slides 10% premarket after company files for bankruptcy
Finance

Clovis Oncology stock slides 10% premarket after company files for bankruptcy

December 12, 2022No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AMC investment Hycroft Mining discloses notice of violation of Nasdaq listing requirement
Share
Facebook Twitter LinkedIn Pinterest Email

Clovis Oncology Inc. inventory
CLVS,
-9.94%
fell 10% in premarket commerce Monday, after the biotech filed for Chapter 11 chapter and stated it might promote belongings. The corporate has a dedication for as much as $75 million in debtor-in-possession financing to offer the liquidity wanted to restructure in chapter and pay its distributors and clients. Earlier than submitting, the corporate entered a “stalking horse” settlement with Novartis AG to amass the rights to its scientific candidate FAP-2286, for an upfront fee of $50 million and as much as $333.75 million on reaching sure growth and regulatory milestones. It’ll additionally stand up to $297 million for reaching sure gross sales milestones. Clovis warned in November that it is likely to be compelled into chapter 11 because it was operating out of money.

Source link

bankruptcy Clovis company files Oncology premarket Slides stock
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

May 29, 2025

Barclays Keeps Equal Weight Rating on Equinix (EQIX), Raises PT

May 29, 2025

Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

May 29, 2025

Here’s Why Baron Small Cap Fund Exited Its Position in Ibotta (IBTA)

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Miley Cyrus’ Biggest Admissons From Candid Interview Revealed

May 29, 2025

WhatsApp App Now Available on Apple iPad

May 29, 2025

Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

May 29, 2025

‘Out of love’: Kamal Haasan clarifies after backlash over ‘Kannada born out of Tamil’ comment | Bangalore News

May 29, 2025
Popular Post

Mac McClung repeats in NBA dunk contest, Damian Lillard wins 3-point contest: Full highlights

Google will warn you when logging out of Google Messages

Baghel govt to invoke NSA over bid to disrupt communal harmony

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.