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 (EXEL) is a leading biopharmaceutical company focused on developing innovative cancer therapies through cutting-edge small molecule research. This page serves as a comprehensive resource for all official company updates and oncology-related developments.
Access timely EXEL news including FDA approvals, clinical trial results, and strategic partnerships with global pharmaceutical leaders. Investors will find essential updates on earnings reports, research milestones, and therapy commercialization efforts that demonstrate the company's progress in oncology treatment innovation.
Our curated news collection provides verified information about EXEL's drug development pipeline, regulatory achievements, and collaborative research initiatives. The content is maintained to support informed analysis of the company's market position and scientific advancements in cancer care.
Bookmark this page for direct access to Exelixis' latest press releases and objective reporting on their contributions to targeted cancer therapies. Check regularly for updates reflecting the company's ongoing work in transforming oncology treatment paradigms.
Exelixis, Inc. (NASDAQ: EXEL) will release its Q1 2023 financial results on May 9, 2023, after market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the results and provide a business update. Investors can access the call via registration on the company’s website. Exelixis is dedicated to developing innovative treatments for cancer, focusing on expanding its product portfolio and advancing its flagship product, CABOMETYX®. The company aims to enhance cancer care through its robust pipeline and collaborations.
Exelixis, Inc. (Nasdaq: EXEL) announced that Carl Feldbaum and Vincent Marchesi will not seek re-election to the Board of Directors during the 2023 Annual Meeting of Stockholders. The Board is nominating Tomas Heyman and Robert Oliver as independent directors to fill their positions. This decision follows unsuccessful settlement negotiations with Farallon Capital Management regarding board member nominations and access to company information. Dr. Stelios Papadopoulos expressed gratitude toward Feldbaum and Marchesi for their service. The upcoming board election aims to enhance corporate governance. Following the election, the Board will consist of 11 members, 10 of whom are independent. The Annual Meeting date has yet to be announced.
Exelixis, Inc. (NASDAQ: EXEL) responds to a letter from Farallon Capital Management, emphasizing its commitment to driving growth and enhancing shareholder value through a strategic focus on its cabozantinib franchise and a promising clinical pipeline, including the next-generation inhibitor zanzalintinib and the ADC XB002. The company has a robust financial position, with approximately
Despite ongoing engagement with Farallon, Exelixis declined to meet Farallon’s demands for extensive confidential information about its pipeline. The company aims to present its board nominations in its upcoming proxy statement for the 2023 Annual Meeting.
Farallon Capital Management, owning approximately 7.2% of Exelixis (NASDAQ: EXEL), calls for change in the company's board, citing a history of shareholder disappointment. Despite significant revenue from cabozantinib, shareholder returns have been underwhelming, averaging less than 1% annually since the IPO. Farallon plans to nominate three independent directors to bring fresh perspectives, improve R&D efficiency, and communicate a coherent strategy. The firm criticizes Exelixis for undisciplined R&D spending, forecasting over $1 billion in 2023 while managing too many simultaneous trials. Investors seek accountability and a commitment to returning capital to shareholders.
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