πNew Chapter 11 Bankruptcy Filing - Clovis Oncology ($CLVS)π
Almost exactly a month ago, CO-based Clovis Oncology Inc. ($CLVS) β a biopharma company that acquires, develops and commercializes cancer treatment drugs β filed a Form 10-Q with the US Securities and Exchange Commission indicating that a near-term chapter 11 bankruptcy was on the table. Specifically, management stated:
We require significant cash resouβ¦