Clovis shares rise on ovarian cancer study data

Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Shares of Clovis Oncology climbed Monday after the company reported promising study results for its cancer drug rucaparib.

The Boulder, Colorado, company is studying rucaparib as a treatment for ovarian and breast cancer. Clovis Oncology said Monday that in a small trial, 14 out of 15 patients had stable disease levels or experienced tumor shrinkage for at least 12 weeks.

Rucaparib is intended to treat cancers with specific genetic mutations. Clovis Oncology says about half of ovarian cancers have those mutations, and the company is also studying a diagnostic test to help identify patients who might benefit from treatment with rucaparib.

Shares of Clovis Oncology Inc. rose $4.61, or 10.9 percent, to $47.10 in afternoon trading. Its shares had been down more than 29 percent so far this year through Friday.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast