CLOVIS ONCOLOGY SAYS BUYING EOS FOR UP-FRONT PAYMENT OF $200 MLN

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Clovis Oncology Inc:

  • Acquires EOS (Ethical Oncology Science) S.P.A. to gain rights to Lucitanib, a unique dual-selective phase II FGFR/VEGFR inhibitor
  • Says buying eos for up-front payment of $200 million, which includes $190 million in Clovis common stock and $10 million in cash
  • Says will pay an additional $65 million in cash upon initial approval of Lucitanib by U.S. food and drug association
  • Says co and Servier will collaborate on development of lucitanib pursuant to

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