Exelixis Provides Preliminary 2024 Results and Outlook for 2025

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 ...