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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, Inc. announced FDA approval for CABOMETYX (cabozantinib) in combination with OPDIVO (nivolumab) as a first-line treatment for advanced renal cell carcinoma (RCC). This combination significantly improved efficacy measures compared to sunitinib, including doubling median progression-free survival (16.6 months vs. 8.3 months) and overall survival. The approval was based on the CheckMate -9ER trial results, showcasing a promising new standard of care for metastatic kidney cancer patients. The combination reflects a meaningful advancement in therapeutic options for this patient population.
Exelixis, Inc. (Nasdaq: EXEL) announced its preliminary financial results for Q4 and FY 2020, projecting 2021 revenues of $1.15 billion to $1.25 billion. Key drivers include FDA approval of CABOMETYX® with OPDIVO® for advanced renal cell carcinoma, targeting the U.S. market, estimated at $1.5 billion by 2022. R&D expenses are expected to rise to $600-$650 million, with a focus on expanding its oncology pipeline, including XL092, a next-gen treatment. The company ended 2020 with approximately $1.6 billion in cash. The comprehensive results will be released on February 10, 2021.
Exelixis, Inc. (Nasdaq: EXEL) announced that CEO Michael M. Morrissey, Ph.D., will present a corporate overview at the virtual 39th Annual J.P. Morgan Healthcare Conference on January 11, 2021, at 5:20 p.m. EST. Interested parties can access the webcast via Exelixis' website, with a replay available for 14 days. Founded in 1994, Exelixis focuses on oncology and has developed four products including CABOMETYX and COTELLIC. The company, ranked 17th on Fortune's 100 Fastest-Growing Companies list, aims to enhance its pipeline through strategic partnerships and internal research.
Exelixis announced that the COSMIC-311 phase 3 trial for cabozantinib (CABOMETYX) in patients with radioiodine-refractory differentiated thyroid cancer met its co-primary endpoint, showing a significant 78% reduction in risk of disease progression or death (hazard ratio 0.22, p<0.0001). Following these interim results, the independent monitoring committee recommended stopping enrollment. The company plans to discuss these results with the U.S. FDA and share detailed findings at an upcoming medical conference, marking a significant advancement in treatment options for this patient population.
Exelixis, Inc. (Nasdaq: EXEL) has exercised its exclusive option for Iconic Therapeutics' leading oncology antibody-drug conjugate (ADC) program, XB002. This program targets Tissue Factor (TF) and includes Zymeworks' linker-payload technology, aiming for a better safety profile. Exelixis will be responsible for the clinical development and commercialization of XB002. An additional payment of $20 million has been made to Iconic following the initial $7.5 million payment from a 2019 agreement. Exelixis plans to file an IND application with the FDA to start a Phase 1 clinical trial in early 2021.
Exelixis, Inc. (NASDAQ: EXEL) announced that its partner, Takeda Pharmaceutical, received approval from Japan's Ministry of Health to market CABOMETYX® (cabozantinib) for unresectable hepatocellular carcinoma (HCC) patients who have failed prior systemic therapy. This approval is based on results from the CELESTIAL and Cabozantinib-2003 clinical trials. Exelixis is eligible for a $15 million milestone payment upon first commercial sale, expected in Q4 2020. The collaboration with Takeda includes potential future milestones and royalties on net sales in Japan.
Exelixis, Inc. (Nasdaq: EXEL) announced participation in December's virtual investor conferences, including the Piper Sandler 32nd Annual Virtual Healthcare Conference and the Evercore ISI 3rd Annual HealthCONx. The Piper Sandler fireside chat is available for on-demand streaming on Exelixis' website. Additionally, Exelixis is set to present at Evercore ISI on December 1 at 3:05 PM EST. Investors can access these sessions on the company's website, where replays will be available for 14 days.
Exelixis focuses on developing cancer therapies and is recognized for its growth in the biopharmaceutical sector.
Exelixis, Inc. (Nasdaq: EXEL) will participate in two virtual investor conferences in November 2020. The company will present at the Credit Suisse 29th Annual Virtual Healthcare Conference on November 10 at 4:15 PM EST and at the Stifel 2020 Virtual Healthcare Conference on November 18 at 2:00 PM EST. Interested parties can access the webcasts via the Exelixis website and replays will be available for 14 days. Exelixis focuses on oncology, with significant products like CABOMETYX and COMETRIQ.
Exelixis announced that its partner, Takeda Pharmaceutical, submitted a supplemental application to the Japanese Ministry of Health for CABOMETYX in combination with OPDIVO for treating advanced renal cell carcinoma (RCC). This application is based on the pivotal CheckMate -9ER trial, showing superior overall survival and progression-free survival compared to sunitinib. Exelixis is eligible for a $10 million milestone payment with potential for additional payments and royalties. This marks significant progress in addressing the needs of patients with advanced kidney cancer.
Exelixis, Inc. (NASDAQ: EXEL) announced the enrollment of the first patient in the dose-escalation cohort of a phase 1 trial (NCT03845166) for XL092, a next-generation oral tyrosine kinase inhibitor. This trial evaluates XL092 alone and in combination with atezolizumab for patients with advanced solid tumors. Preliminary findings suggest that XL092 may promote an immune-permissive environment and have a shorter pharmacokinetic half-life compared to cabozantinib, aiding in tolerability management. The trial, initiated in February 2019, will eventually explore various cancer types.
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