Clovis Oncology, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. Its commercial product includes Rubraca (rucaparib) tablet, a small molecule poly ADP-ribose polymerase inhibitor, used as monotherapy for the treatment of patients with deleterious BRCA mutation associated advanced ovarian cancer, who have been treated with two or more chemotherapies, and selected for therapy by an FDA-approved companion diagnostic for Rubraca. As of 4/6/18, Rubraca® (rucaparib) is also approved by the FDA for the maintenance treatment of adult patients with recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in a complete or partial response to platinum-based chemotherapy. FDA granted regular approval for Rubraca in this second, broader and earlier-line indication on a priority review timeline based on positive data from the phase 3 ARIEL3 clinical trial. Biomarker testing is not required for patients to be prescribed Rubraca in this maintenance treatment indication.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
SymbolNASDAQ:CLVS
CUSIP18946410
Phone303-625-5000
Debt
Debt-to-Equity Ratio0.92
Current Ratio6.55
Quick Ratio5.74
Price-To-Earnings
Trailing P/E Ratio-8.97
Forward P/E Ratio-8.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$55.51 million
Price / Sales43.81
Cash FlowN/A
Price / CashN/A
Book Value$7.50 per share
Price / Book6.17
Profitability
EPS (Most Recent Fiscal Year)($5.12)
Net Income$-346,390,000.00
Net Margins-545.80%
Return on Equity-79.02%
Return on Assets-33.90%
Miscellaneous
Employees360
Outstanding Shares52,550,000
Market Cap$2,550.20
Clovis Oncology (NASDAQ:CLVS) Frequently Asked Questions
What is Clovis Oncology's stock symbol?
Clovis Oncology trades on the NASDAQ under the ticker symbol "CLVS."
How were Clovis Oncology's earnings last quarter?
Clovis Oncology (NASDAQ:CLVS) announced its earnings results on Tuesday, May, 8th. The biopharmaceutical company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.36) by $0.18. The biopharmaceutical company had revenue of $18.50 million for the quarter, compared to analysts' expectations of $18.34 million. Clovis Oncology had a negative net margin of 545.80% and a negative return on equity of 79.02%. The firm's quarterly revenue was up 164.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.33) earnings per share. View Clovis Oncology's Earnings History.
When is Clovis Oncology's next earnings date?
What price target have analysts set for CLVS?
12 brokerages have issued 12-month target prices for Clovis Oncology's shares. Their predictions range from $55.52 to $110.00. On average, they anticipate Clovis Oncology's share price to reach $83.0578 in the next year. This suggests a possible upside of 79.5% from the stock's current price. View Analyst Ratings for Clovis Oncology.
What is the consensus analysts' recommendation for Clovis Oncology?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clovis Oncology in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about Clovis Oncology stock?
Here are some recent quotes from research analysts about Clovis Oncology stock:
- 1. According to Zacks Investment Research, "Clovis’ Rubraca is progressing well and registering sales growth. Nonetheless, Rubraca has bright prospects, given the tremendous demand for PARP inhibitors. Moreover, Clovis received approval for the label expansion in second-line maintenance setting in the United States, irrespective of BRCA-mutation, and as monotherapy in Europe. Several studies on Rubraca, targeting different types of ovarian cancer patients, are currently underway. The company has stopped development of rociletinib upon receiving a CRL and lucitanib on negative results. Any further setback will adversely affect the company’s prospects. Moreover, with just one approved product in the portfolio, Clovis is heavily dependent on Rubraca for growth, which concerns us. Meanwhile, Rubraca is set to face intense competition from currently marketed PARP inhibitors. Clovis’ shares have underperformed the industry so far this year." (7/10/2018)
- 2. Cann analysts commented, "We believe the current status of the PARP inhibitor market is resulting in less predictable physician adoption than is typical in oncology settings. As a result, we are adjusting our Rubraca sales outlook for 2018-2022. Our outlook for Clovis Oncology is being adjusted to account for changes to our revenue estimates for 2018-2022, as a result of changes to our outlook for Rubraca. We are decreasing our Q2 2018 estimated Rubraca sales to $23.2 million from $44.8 million, and our 2018 estimated Rubraca sales by 27.2% to $126.0 million from our prior estimate of $173.0 million. We are reducing 2019 estimated Rubraca sales by 24.6% to $292.1 million from $387.6 million. We are making modest adjustments to 2020-2022E." (6/11/2018)
Who are some of Clovis Oncology's key competitors?
Some companies that are related to Clovis Oncology include Sarepta Therapeutics (SRPT), Beigene (BGNE), Nektar Therapeutics (NKTR), Valeant Pharmaceuticals (VRX), SAGE Therapeutics (SAGE), Alkermes (ALKS), Catalent (CTLT), Ionis Pharmaceuticals (IONS), Dr.Reddy's Laboratories (RDY), United Therapeutics (UTHR), Loxo Oncology (LOXO), FibroGen (FGEN), Agios Pharmaceuticals (AGIO), GALAPAGOS NV/S (GLPG) and Ligand Pharmaceuticals (LGND).
Who are Clovis Oncology's key executives?
Clovis Oncology's management team includes the folowing people:
- Mr. Patrick J. Mahaffy MA, Co-Founder, Chief Exec. Officer, Pres and Exec. Director (Age 55)
- Dr. Gillian C. Ivers-Read BSc, Co-Founder, Chief Regulatory Officer and Exec. VP of Technical Operations (Age 64)
- Mr. Daniel W. Muehl CPA, Sr. VP of Fin. and Principal Financial & Accounting Officer (Age 54)
- Dr. Lindsey Rolfe BSc, MB ChB, MRCP, FFPM, Chief Medical Officer and Exec. VP of Clinical, Preclinical Devel. & Pharmacovigilance (Age 50)
- Mr. Corwin Dale Hooks, Chief Commercial Officer and Sr. VP (Age 51)
Has Clovis Oncology been receiving favorable news coverage?
News stories about CLVS stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clovis Oncology earned a daily sentiment score of 0.11 on Accern's scale. They also assigned media coverage about the biopharmaceutical company an impact score of 44.82 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Clovis Oncology's major shareholders?
Clovis Oncology's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.11%), Conservest Capital Advisors Inc. (0.04%) and Bank of Montreal Can (0.03%). Company insiders that own Clovis Oncology stock include Gillian C Ivers-Read, James C Blair and Thorlef Spickschen. View Institutional Ownership Trends for Clovis Oncology.
Which major investors are buying Clovis Oncology stock?
How do I buy shares of Clovis Oncology?
Shares of CLVS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Clovis Oncology's stock price today?
One share of CLVS stock can currently be purchased for approximately $46.28.
How big of a company is Clovis Oncology?
Clovis Oncology has a market capitalization of $2.55 billion and generates $55.51 million in revenue each year. The biopharmaceutical company earns $-346,390,000.00 in net income (profit) each year or ($5.12) on an earnings per share basis. Clovis Oncology employs 360 workers across the globe.
How can I contact Clovis Oncology?
Clovis Oncology's mailing address is 5500 FLATIRON PARKWAY SUITE 100, BOULDER CO, 80301. The biopharmaceutical company can be reached via phone at 303-625-5000 or via email at [email protected]ogy.com.
MarketBeat Community Rating for Clovis Oncology (NASDAQ CLVS)
MarketBeat's community ratings are surveys of what our community members think about Clovis Oncology and other stocks. Vote "Outperform" if you believe CLVS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLVS will underperform the S&P 500 over the long term. You may vote once every thirty days.
