Clovis Oncology Announces Exercise in Full of Underwriters’ Option to Purchase Additional Shares of Common Stock

  Clovis Oncology Announces Exercise in Full of Underwriters’ Option to
  Purchase Additional Shares of Common Stock

Business Wire

BOULDER, Colo. -- June 13, 2013

Clovis Oncology, Inc. (Nasdaq: CLVS) announced today that the underwriters of
its recently announced public offering of its common stock have exercised in
full their option to purchase an additional 486,110 shares.

The offering, including the sale of the additional shares, is expected to
close on June 17, 2013, subject to customary closing conditions.

Clovis Oncology intends to use the net proceeds of the offering for general
corporate purposes, including funding of its development programs, general and
administrative expenses, acquisition or licensing of additional product
candidates or businesses and working capital.

J. P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC acted as
joint book-running managers for the offering, and Leerink Swann LLC acted as
co-manager for the offering.

The shares of Clovis Oncology common stock described above were offered only
by means of prospectuses and prospectus supplements pursuant to two effective
shelf registration statements previously filed with the Securities and
Exchange Commission. Copies of the final prospectus supplements and related
prospectuses concerning this offering may be obtained from J. P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 or by calling toll-free (866) 803-9204 or from Credit
Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison
Avenue, New York, NY 10010 or by calling toll-free (800) 221-1037 or emailing
a request to newyork.prospectus@credit-suisse.com.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or other jurisdiction.

About Clovis Oncology

Clovis Oncology, Inc. is a biopharmaceutical company focused on acquiring,
developing and commercializing innovative anti-cancer agents in the U.S.,
Europe and additional international markets. Clovis Oncology targets
development programs at specific subsets of cancer populations, and
simultaneously develops diagnostic tools that direct a compound in development
to the population that is most likely to benefit from its use. Clovis Oncology
is headquartered in Boulder, Colorado, and has additional offices in San
Francisco, California and Cambridge, England.

To the extent that statements contained in this press release are not
descriptions of historical facts regarding Clovis Oncology, they are
forward-looking statements reflecting the current beliefs and expectations of
management made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve substantial risks and uncertainties that could cause our actual
results, performance or achievements to differ significantly from those
expressed or implied by the forward-looking statements. Such risks and
uncertainties include, among others, the timing and size of the offering, the
conditions affecting the capital markets, general economic, industry, or
political conditions, and the satisfaction of customary closing conditions
related to the proposed public offering. Clovis Oncology undertakes no
obligation to update or revise any forward-looking statements. For a further
description of the risks and uncertainties that could cause actual results to
differ from those expressed in these forward-looking statements, as well as
risks relating to the business of the company in general, see the prospectus
supplement and related prospectus for this offering as well as Clovis
Oncology’s Annual Report on Form 10-K for the year ended December31, 2012 and
its other reports filed with the Securities and Exchange Commission.

Contact:

Clovis Oncology
Anna Sussman, 303-625-5022
asussman@clovisoncology.com
or
Breanna Burkart, 303-625-5023
bburkart@clovisoncology.com
 
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