Welcome to our dedicated page for Exelixis news (Ticker: EXEL), a resource for investors and traders seeking the latest updates and insights on Exelixis stock.
Exelixis Inc. (symbol: EXEL) is a leading biopharmaceutical company that specializes in the discovery, development, and commercialization of small molecule therapies aimed at improving cancer treatment. Founded in the early 1990s, Exelixis has dedicated the past decade to establishing a robust development platform to bring new, effective cancer therapies to patients in need.
Exelixis’s flagship product, Cometriq® (cabozantinib), received its initial regulatory approval in late 2012 and has since been a cornerstone in the company’s portfolio. Cometriq is prescribed for the treatment of metastatic medullary thyroid cancer, while its variant Cabometyx is used for treating kidney and liver cancers.
Another significant achievement is the development and commercialization of Cotellic in partnership with Roche, targeted at melanoma treatment. These therapies have not only enhanced Exelixis’s market presence but also brought substantial improvements in patient outcomes.
Exelixis remains steadfast in its commitment to clinical excellence and patient care, consistently exploring new avenues for innovative cancer treatments. The company continues to engage in rigorous research and development activities, underpinned by strategic partnerships and collaborations.
Financially, Exelixis has shown solid performance with steady revenue growth driven by its commercial products and a promising pipeline of new therapies under development. The company’s dedication to research, patient care, and financial prudence makes it a notable entity in the biopharmaceutical landscape.
For more information about Exelixis and potential job opportunities, please visit their official website at www.exelixis.com.
Exelixis has amended its May 2019 agreement with Iconic Therapeutics, gaining full rights to the anti-tissue factor antibody used in XB002 and oncology-specific rights to additional antibodies. In exchange for a one-time payment of $55 million, Exelixis can use the antibody in various applications, including drug conjugates. The company aims to develop a promising franchise targeting cancer therapy, with plans to report initial data from the ongoing XB002 clinical trial later this year.
Exelixis, Inc. announced the completion of patient enrollment for CONTACT-03, a pivotal Phase 3 trial assessing the efficacy and safety of cabozantinib combined with atezolizumab versus cabozantinib alone in renal cell carcinoma patients who had progressed post immune checkpoint inhibitor treatment. The trial enrolled 523 patients, randomized to two arms, with primary endpoints focused on progression-free survival and overall survival. Initial results are anticipated upon data maturation, offering insights into treatment sequencing for advanced kidney cancer.
Exelixis (NASDAQ: EXEL) will present a corporate overview at the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022, at 5:15 PM ET. CEO Michael M. Morrissey, Ph.D., will lead the presentation. Interested parties can access the webcast through www.exelixis.com and should connect 15 minutes early for any necessary software downloads. A replay will be available for 14 days post-event. Exelixis is focused on developing oncology therapies and has four products on the market, including CABOMETYX and COTELLIC.
Exelixis has appointed Dr. Vicki L. Goodman as Executive Vice President, Product Development & Medical Affairs, and Chief Medical Officer. Dr. Goodman brings over 20 years of oncology experience, previously serving at Merck, Bristol Myers Squibb, and GlaxoSmithKline. Her role will involve leading Exelixis' clinical and medical affairs, particularly focusing on the ongoing CABOMETYX trials and the development of new therapeutics. She will also spearhead the company's expansion efforts on the East Coast, enhancing collaboration and growth opportunities.
Exelixis, Inc. (Nasdaq: EXEL) announced the election of Jackie Wright to its Board of Directors, effective December 16, 2021. With extensive experience in technology and digital transformation from her roles at Microsoft, BP, and General Electric, Wright aims to enhance Exelixis' growth in the oncology sector. Her leadership is expected to drive digital initiatives and support the company’s mission to improve cancer treatment outcomes.
Exelixis, Inc. has initiated the dose-escalation stage of the STELLAR-002 trial, exploring XL092, a next-generation tyrosine kinase inhibitor, in combination with immuno-oncology therapies for advanced cancers. Collaborating with Bristol-Myers Squibb and Nektar Therapeutics, the trial aims to assess safety and efficacy among patients with advanced solid tumors. The study will focus on renal cell carcinoma, urothelial carcinoma, and metastatic castration-resistant prostate cancer, with primary endpoints including objective response rates and progression-free survival.
Exelixis plans to submit a supplemental New Drug Application (sNDA) to the FDA in early 2022 after presenting the first analysis of the COSMIC-312 phase 3 trial. This trial assesses the efficacy of cabozantinib with atezolizumab compared to sorafenib in treating advanced hepatocellular carcinoma (HCC). At 15.8 months follow-up, cabozantinib plus atezolizumab showed a 37% reduction in disease progression risk (PFS) versus sorafenib, though overall survival (OS) results were not statistically significant (HR: 0.90). The trial continues as planned for final OS analysis, anticipated in early 2022.
Exelixis has completed enrollment for its global phase 3 pivotal trial, CONTACT-01, assessing cabozantinib combined with atezolizumab in patients with metastatic non-small cell lung cancer (NSCLC) previously treated with an immune checkpoint inhibitor. The study includes 366 patients randomly assigned to either treatment or control arms, with overall survival as the primary endpoint. Following initial promising results from the COSMIC-021 trial, the company is optimistic about this combination and plans to share top-line results upon data maturity.
Exelixis (NASDAQ: EXEL) announced upcoming participation in several virtual investor conferences throughout November and December 2021. The management team will present at events including:
- BMO Biopharma Spotlight Series on November 8 at 12:10 p.m. ET
- Credit Suisse 30th Annual Virtual Healthcare Conference on November 10 at 1:50 p.m. ET
- Stifel 2021 Healthcare Conference on November 16 at 4:40 p.m. ET
- Piper Sandler 33rd Annual Virtual Healthcare Conference on November 22, available on demand
- Evercore ISI 4th Annual HealthConX Virtual Conference on December 1 at 11:45 a.m. ET
Webcast links can be accessed via Exelixis' website.
Exelixis, Inc. (Nasdaq: EXEL) reported strong Q3 2021 results with total revenues of $328.4 million, a significant increase from $231.1 million in Q3 2020. Net product revenues reached $263.1 million, boosted by the CABOMETYX and OPDIVO combination therapy. GAAP net income was $38.2 million or $0.12 per share, compared to a loss last year. Non-GAAP net income rose to $64.5 million, or $0.20 per share. The company updated its 2021 guidance to total revenues of $1.3 - $1.35 billion.
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