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Exelixis Inc - EXEL STOCK NEWS

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.

Rhea-AI Summary
Exelixis, Inc. announced that the CABINET trial will be stopped early due to a dramatic improvement in efficacy. Cabozantinib showed substantial improvement in patients with advanced pancreatic and extra-pancreatic neuroendocrine tumors. Detailed findings will be presented at an upcoming medical meeting and discussed with the FDA.
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Exelixis appoints Amy Peterson as EVP, Product Development & Medical Affairs, and Chief Medical Officer
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The CONTACT-02 trial showed that cabozantinib in combination with atezolizumab improved progression-free survival in patients with metastatic castration-resistant prostate cancer. A trend towards improvement in overall survival was also observed. The trial will continue to the next analysis of overall survival. The safety profile of the combination was consistent with known profiles. Positive findings from the trial provide a potential new treatment option for this patient population.
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Exelixis reports Q2 2023 financial results with total revenues of $469.8 million and GAAP diluted EPS of $0.25. CABOMETYX continues to be the leading tyrosine kinase inhibitor for renal cell carcinoma.
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Exelixis, Inc. (Nasdaq: EXEL) settles patent litigation with Teva Pharmaceuticals, granting Teva a license to market a generic version of CABOMETYX in the U.S. from January 1, 2031, pending FDA approval. The settlement also terminates ongoing Hatch-Waxman litigation between the two companies.
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Farallon Capital Management, L.L.C. owns 7.2% of Exelixis and nominated three candidates for the Board of Directors. Dave Johnson is expected to be elected after incumbent director Lance Willsey resigned. Farallon aims to bring change to Exelixis' R&D priorities and capital allocation. Shareholders are urged to vote for all three Farallon nominees.
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FAQ

What is the current stock price of Exelixis (EXEL)?

The current stock price of Exelixis (EXEL) is $33.29 as of December 20, 2024.

What is the market cap of Exelixis (EXEL)?

The market cap of Exelixis (EXEL) is approximately 9.5B.

What is Exelixis Inc. known for?

Exelixis Inc. is known for developing and commercializing small molecule therapies aimed at improving cancer treatment.

What are the main products of Exelixis?

The main products of Exelixis are Cometriq® (cabozantinib) for thyroid cancer, Cabometyx for kidney and liver cancer, and Cotellic for melanoma.

When was Cometriq first approved?

Cometriq received its initial regulatory approval in late 2012.

Who are the key partners of Exelixis?

Exelixis has partnered with Roche to bring Cotellic to market.

What type of cancer is Cometriq used to treat?

Cometriq is used to treat metastatic medullary thyroid cancer.

What is Cabometyx used for?

Cabometyx is used for the treatment of kidney and liver cancers.

Where can I find job opportunities at Exelixis?

Job opportunities at Exelixis can be found on their official website at www.exelixis.com.

How has the financial performance of Exelixis been?

Exelixis has shown solid financial performance with steady revenue growth driven by its commercial products and pipeline.

What kind of research does Exelixis focus on?

Exelixis focuses on the research and development of innovative therapies for cancer treatment.

What is the ticker symbol for Exelixis Inc.?

The ticker symbol for Exelixis Inc. is EXEL.

Exelixis Inc

Nasdaq:EXEL

EXEL Rankings

EXEL Stock Data

9.52B
281.04M
1.59%
89.36%
2.77%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
ALAMEDA