Clovis Oncology, Inc. filed a notice for the termination of the auction and selection of successful bidder for the sale of substantially all its assets on March 7, 2023. The auction was scheduled for March 9, 2023. The debtor's assets include FAP Therapeutic Assets.

The debtor did not receive any no competing bids prior to bid deadline i.e., March 7, 2023. Hence the debtor has selected Novartis Innovative Therapies AG as successful bidder.