Clovis Oncology Announces Sale of Shares of Common Stock by Selling Stockholders

  Clovis Oncology Announces Sale of Shares of Common Stock by Selling
  Stockholders

Business Wire

BOULDER, Colo. -- December 3, 2013

Clovis Oncology, Inc. (Nasdaq: CLVS) announced today the pricing of an
underwritten public offering of 2,000,000 shares of its common stock at a
price to the public of $57.50 per share. All of the shares are being sold by
certain existing stockholders who acquired the shares of the Company’s common
stock as consideration in connection with the Company’s acquisition of EOS
(Ethical Oncology Science) S.p.A.

J.P. Morgan Securities LLC is acting as the sole manager for the offering. The
selling stockholders have granted J.P. Morgan Securities a 30-day option to
purchase up to an additional 300,000 shares of common stock from the selling
stockholders to cover over-allotments, if any. All net proceeds from the sale
of the common stock will be received by the selling stockholders. The Company
will not receive any of the proceeds, and the total number of shares of its
outstanding common stock will not change as a result of the offering.

The shares of common stock are being sold by the selling stockholders pursuant
to an effective shelf registration statement. This offering is being made only
by means of a prospectus and related prospectus supplement, copies of which
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. The offering is expected to close on December 9, 2013, subject
to customary closing conditions.

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, UK.

Contact:

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