Clovis Oncology, Inc. filed a notice for the selection of Successful Bidder in the US Bankruptcy Court for the sale of its certain assets on March 31, 2023. As a result of the auction conducted on March 30, 2023, pharma& Schweiz GmbH, for a total net present value purchase price of $116 million, has been selected as the winning bidder and Dr. Reddy's Laboratories, Inc. for a total net present value purchase price of $107.5 million has been selected as the backup bidder for the sale of debtor's certain assets The debtor's assets include substantially all of the assets relating to the FAP Therapeutic Assets.