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Stock impact report

Exelixis Needs To Move Away From Its Overdependence On Cabozantinib [Seeking Alpha]

Exelixis, Inc. (EXEL) 
Last exelixis, inc. earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
FatCamera/E+ via Getty ImagesThe trouble with Exelixis (NASDAQ:EXELgeneric polymorph version of cabo. That means, despite cabo being a $1+bn blockbuster drug, the company may not be able to recover its costs - technically speaking - of those trials. On the other hand, in the off chance that Exelixis gets relief for its patent estate, we cannot suggest that they stop all those trials and concentrate simply on minting money off cabo for as long as it can. That seems to be the key dilemma surrounding Exelixis.Exelixis is testing cabozantinib in every possible indication. There are over a 100studiesdataCONTACT-03 is a pivotal phase 3 trial testing cabo in combination with atezolizumab (TECENTRIQ®) in patients with inoperable, locally advanced or metastatic renal cell carcinoma (RCC) who progressed during or following treatment with an immune checkpoint inhibitor as the immediate preceding therapy. This study is ongoing. CONTACT-01 and 02 are targeting NSCLC and mCRPC respectively.As I no Show less Read more
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