The US Bankruptcy Court gave an order approving the sale of certain assets of Clovis Oncology, Inc. on April 12, 2023. The debtor has been authorized to sell its certain assets to pharma & Schweiz GmbH, the winning bidder at the auction, for a total net present value purchase price of $116 million ($70 million less deposits and cure cost of upto $50 million). The debtor's assets include substantially all of the assets relating to the FAP Therapeutic Assets.

At the auction held, pharma& Schweiz GmbH, Inc. emerged as the winning bidder by offering a purchase price of $116 million whereas Dr. Reddy's Laboratories, Inc has been selected as the backup bidder