Clovis Oncology Inc. (Nasdaq: CLVS) reported a 10% year-over-year revenue decline for the 2021 fiscal year, to $148.8 million from $164.5 million in 2020.

The ovarian cancer drug manufacturer also saw its research and development expenses drop 28% to $186.6 million from $257.7 million.

Clovis posted a net loss of $264.5 million for 2021, a 28% improvement from the $369.2 million it lost in 2020.

The company attributed its decline in revenue to a decrease in ovarian cancer diagnoses and treatments related to the COVID-19 pandemic.

Clovis finished the year with $143.4 million cash and equivalents on hand.

This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2022 BizWest Media LLC.

Source by [author_name]

Clovis Oncology Inc. (Nasdaq: CLVS) reported a 10% year-over-year revenue decline for the 2021 fiscal year, to $148.8 million from $164.5 million in 2020.

The ovarian cancer drug manufacturer also saw its research and development expenses drop 28% to $186.6 million from $257.7 million.

Clovis posted a net loss of $264.5 million for 2021, a 28% improvement from the $369.2 million it lost in 2020.

The company attributed its decline in revenue to a decrease in ovarian cancer diagnoses and treatments related to the COVID-19 pandemic.

Clovis finished the year with $143.4 million cash and equivalents on hand.

This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2022 BizWest Media LLC.

, Clovis Oncology revenue down 10% year-over-year , BizWest staff , 2022-02-23 23:26:03 , Boulder Daily Camera , https://www.dailycamera.com/wp-content/uploads/2020/07/460492806.jpg?w=1400px&strip=all , https://www.dailycamera.com/wp-content/uploads/2020/07/460492806.jpg?w=1024&h=683 , [rule_{ruleNumber}] , [rule_{ruleNumber}_plain] , , , https://www.dailycamera.com/2022/02/23/clovis-oncology-revenue-down-10-year-over-year/ , https://www.dailycamera.com/2022/02/23/clovis-oncology-revenue-down-10-year-over-year/ , www.dailycamera.com , https%3A%2F%2Fwww.dailycamera.com%2F2022%2F02%2F23%2Fclovis-oncology-revenue-down-10-year-over-year%2F , Business,Latest Headlines,Local News,News,BizWest, #Clovis #Oncology #revenue #yearoveryear