Clavis Pharma announces $380 million agreement to develop its CP-4126 drug candidate

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Clavis Pharma ASA (OSE: CLAVIS), the clinical stage oncology focused pharmaceutical company, announced today a $380 million agreement for the further development and commercialisation of its drug candidate, CP-4126, currently in Phase II development in pancreatic cancer.

A meeting for investors, analysts and press will take place in Oslo at 10.00 CET today, 24 November 2009 at Hotel Continental, Stortingsgaten 24, Oslo, Norway.

An international conference call will take place at 12:00 CET -- details are given below.

Access the audio for the meeting by dialling the following and quoting confirmation code 4956336:

+47 2415 9758 (from Norway) +44 (0)20 7806 1966 (International)

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