Shares of Exelixis (EXEL) were down 5.13% on Jan. 24, following a downgrade in rating by analysts at Oppenheimer.Oppenheimer downgraded EXEL to “Perform” from “Outperform” as the analysts were concerned about the potential differentiation of pipeline candidate zanzalintinib versus cabozantinib following the abstract for STELLAR-001 study at American Society of Clinical Oncology 2025 Gastrointestinal Cancers Symposium (ASCO GI).While Oppenheimer believes data from STELLAR-001 likely derisk the late-stage STE ...

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Investors interested in Medical - Biomedical and Genetics stocks are likely familiar with Exelixis (EXEL) and Techne (TECH) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Exelixis (EXEL) , which belongs to the Zacks Medical - Biomedical and Genetics industry, could be a great candidate to consider.When looking at the last two reports, this drug developer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 69.47%, on average, in the last two quarters.For the last reported qu ...

Exhibit 99.1 Investor Contacts: Susan Hubbard EVP, Public Affairs & Investor Relations Exelixis, Inc. 650-837-8194 shubbard@exelixis.com Media Contact: Hal Mackins For Exelixis, Inc. 415-994-0040 hal@torchcommunications.com Chris Senner Chief Financial Officer Exelixis, Inc. 650-837-7240 csenner@exelixis.com Exelixis Announces Preliminary Fiscal Year 2024 Financial Results, Provides 2025 Financial Guidance and Outlines Key Priorities and Milestones for 2025 – Cabozantinib franchise achieves approximately $1 ...

Exelixis, Inc. (EXEL) announced its preliminary financial results for fiscal 2024 and provided guidance for fiscal 2025.Revenues, on a preliminary basis, for 2024 were approximately $2.165 billion, while net product revenues were $1.8 billion. The preliminary number for total revenues marginally beat the Zacks Consensus Estimate of $2.16 billion.The company also updated on its anticipated pipeline and regulatory milestones.Shares of Exelixis have surged 58.7% in a year against the industry’s decline of 16.3 ...

FDA Update on Cabozantinib sNDA - The FDA notified Exelixis about an update to its supplemental new drug application (sNDA) for cabozantinib, seeking approval for treating adults with advanced pancreatic neuroendocrine tumors (pNET) and advanced extra-pancreatic NET (epNET) [1] - The sNDA was initially scheduled for discussion at an Oncologic Drugs Advisory Committee (ODAC) meeting in March 2025 but will no longer be discussed, with a target action date of April 3, 2025 [2] - The sNDA is based on the final results of the phase III CABINET pivotal trial, which evaluated cabozantinib versus placebo in advanced pNET and epNET [11] Clinical Trial Results and Orphan Drug Designation - The CABINET trial showed substantial improvement in progression-free survival (PFS), leading to the recommendation to stop enrollment and unblind patients to allow crossover from placebo to cabozantinib [3] - Final results confirmed statistically significant and clinically meaningful improvements in PFS with cabozantinib versus placebo [8] - The FDA granted cabozantinib orphan drug designation for the treatment of pNET in August 2024 [4] Cabometyx Sales and Pipeline Expansion - Exelixis generated $1.3 billion in product revenues in the first nine months of 2024, primarily from Cabometyx sales [9] - The company is working to expand the Cabometyx label and diversify its oncology portfolio beyond Cabometyx [9] - Another promising candidate, zanzalintinib, is being evaluated in late-stage studies for metastatic refractory colorectal cancer, with preliminary results expected in 2025 [13] Collaboration with Merck - Exelixis is collaborating with Merck to evaluate zanzalintinib in combination with Keytruda for head and neck squamous cell carcinoma (HNSCC) and with Welireg for renal cell carcinoma (RCC) [5] - Merck will supply Keytruda for the phase III STELLAR-305 study in previously untreated PD-L1-positive recurrent or metastatic HNSCC [10] Stock Performance and Industry Comparison - Exelixis' shares have gained 53.2% in the past six months, outperforming the industry's decline of 10.1% [7] - The company currently carries a Zacks Rank 2 (Buy), while other top-ranked biotech stocks include Immunocore Holdings plc (IMCR) and Castle Biosciences, Inc. (CSTL), both with a Zacks Rank 1 (Strong Buy) [6]

Group 1 - The marketplace channel Haggerston BioHealth offers exclusive stock tips focused on Pharma, Biotech, and Healthcare, providing access to investment bank-grade financial models and research [1] - The group caters to both novice and experienced biotech investors, offering insights on catalysts, buy and sell ratings, product sales forecasts, and integrated financial statements [2] - Edmund Ingham, a biotech consultant with over 5 years of experience, leads the Haggerston BioHealth investing group and has compiled detailed reports on over 1,000 companies [2]

Shares of Exelixis, Inc. (EXEL) have surged 50% in a year against the industry’s decline of 16.1%. The stock has also outperformed the sector and the S&P 500 Index in this timeframe.The company's stellar performance can be attributed to the strong growth of its lead drug, Cabometyx, raised guidance and encouraging pipeline progress.EXEL Outperforms Industry, Sector & S&P 500Image Source: Zacks Investment ResearchCabometyx Boosts EXELCabometyx maintained its status as the leading tyrosine kinase inhibitor (T ...

Investors with an interest in Medical - Biomedical and Genetics stocks have likely encountered both Exelixis (EXEL) and Incyte (INCY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while o ...