Here's Why Clovis Oncology Dropped As Much As 21.2% Today

newsfeedback@fool.com (Maxx Chatsko), The Motley Fool
Mon, 10/22/2018 - 10:06am

Shares of Clovis Oncology (NASDAQ: CLVS) fell over 21% today after AstraZeneca (NYSE: AZN) and Merck (NYSE: MRK) reported promising data for olaparib as a treatment for BRCA-mutated ovarian cancer in patients who completed chemotherapy. The excitement is over a measure called progression-free survival (PFS), or how long a patient goes without seeing cancer worsen or reappear.In a study named SOLO-1, the median PFS for patients receiving placebo was 13.8 months.

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Here's Why Clovis Oncology Dropped As Much As 21.2% Today

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