Clovis sinks as rociletinib questions linger

Clovis Oncology Inc. (NASDAQ:CLVS) lost $3.40 (18%) to $15.77 on Friday after FDA reviewers asked an advisory committee whether the company will need to submit more data before the agency decides whether to approve lung cancer candidate rociletinib ( CO-1686). The panel is also to compare the efficacy of rociletinib with available therapies.

The reviewers recommended a black-box warning for rociletinib, citing cardiac risks. ...