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Clovis Oncology's PARP Pill Procurement Plumps Pipeline

By Catherine Shaffer

Monday, June 6, 2011
Clovis Oncology Inc. picked up another clinical-stage compound to add to its pipeline of cancer products. The Boulder, Colo.-based company will pay an undisclosed upfront fee to Pfizer Inc., plus potential milestones of $255 million, in exchange for the right to develop and commercialize the drug. In turn, Pfizer Venture Investments will make an equity investment in Clovis.

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