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 (Nasdaq: EXEL) announced that the FDA has accepted its supplemental New Drug Application (sNDA) for cabozantinib (CABOMETYX®) for treating advanced neuroendocrine tumors (NET). The application covers two indications: previously treated pancreatic NET (pNET) and extra-pancreatic NET (epNET). The FDA granted orphan drug designation for pNET and set a target action date of April 3, 2025.
The sNDA is based on the phase 3 CABINET trial results, which showed statistically significant and clinically meaningful improvement in progression-free survival with cabozantinib versus placebo. The trial was stopped early due to compelling activity, allowing placebo patients to cross over to cabozantinib. Final results will be presented at the 2024 ESMO Congress in September.
Exelixis (Nasdaq: EXEL) has announced the release date for its second quarter 2024 financial results. The company will disclose its financial performance on Tuesday, August 6, 2024, after the markets close. Following the release, Exelixis management will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT to discuss the results and provide a general business update.
Interested parties can access the event through the company's website. To join the conference call, registration is required via a provided link, which will furnish a dial-in number and unique PIN. The live webcast can be accessed through the Event Calendar page under the Investors & News section of www.exelixis.com. A replay of the webcast will be available on the company's website for one year.
Exelixis (Nasdaq: EXEL) announced its participation in the William Blair 44th Annual Growth Stock Conference. The company will present a fireside chat on June 4 at 4:20 p.m. ET in Chicago.
The event will be webcast live on the company’s website, www.exelixis.com, and a replay will be available for at least 30 days post-event.
Exelixis (Nasdaq: EXEL) announced a settlement with Cipla and Cipla USA, Inc. regarding two patent litigations over CABOMETYX® (cabozantinib) tablets. The disputes stemmed from Cipla's ANDA seeking approval to market generic versions of CABOMETYX before the expiration of Exelixis' patents. The first litigation, filed on March 16, 2023, concerned a 60 mg dosage, and the second, filed on May 9, 2024, involved 20 mg and 40 mg dosages. Under the settlement, Cipla will be licensed to market generic CABOMETYX in the US from January 1, 2031, conditional on FDA approval. All ongoing litigation will be terminated, subject to FTC and DOJ review. The agreement details remain confidential.
Exelixis, Inc. (Nasdaq: EXEL) will participate in fireside chats at investor conferences in May, including BofA Securities Health Care Conference, Citizens JMP Life Sciences Conference, and RBC Capital Markets Global Healthcare Conference. The presentations will be webcast on www.exelixis.com with replay options available for at least 30 days.
Exelixis, Inc. (Nasdaq: EXEL) reported Q1 2024 financial results of $425M in total revenues, $379M from Cabozantinib Franchise U.S. Net Product Revenues. Restructuring expenses of $32.8M were recorded. GAAP Diluted EPS was $0.12, Non-GAAP Diluted EPS was $0.17. Exelixis focused on advancing pivotal trials, pipeline development, and label expansion for cabozantinib. The company maintained financial guidance for 2024. Positive clinical trial results were highlighted, and strategic priorities for 2024 were outlined. Exelixis also announced share repurchase program updates and key board member appointments.
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