Latest Headlines

Latest Headlines

UPDATED: Cabozantinib flops against prostate cancer, forcing big job cuts at Exelixis

Late on Monday evening Exelixis put out the word that its crucial late-stage study of cabozantinib flunked a comparison study with prednisone for castration-resistant prostate cancer, triggering a restructuring that will eliminate 70% of the jobs at the biotech.

UPDATED: Exelixis grabs first FDA nod for blockbuster hopeful against thyroid cancer

Exelixis won a coveted approval from the FDA to market its multi-kinase inhibitor cabozantinib for treating a rare form of thyroid cancer.

Exelixis tanks on major stock and debt sales

Exelixis, the cancer drug developer, appears to have paid the price for its plans to raise funds from sale of 20 million shares and $225 million in debt. The South San Francisco-based company's stock price dropped 12% on Monday and was down nearly 4% on Tuesday at 11:54 a.m. ET.

Cancer drug developers angling for center stage at ASCO

Later this week the cancer drug research crowd will examine a tsunami of abstracts filed ahead of the ASCO meeting in early June in the hopes of finding a few gems.

Top 10 late-stage cancer drugs in 2012

Thousands of experimental meds are winding their way through various stages of clinical trials today, and the largest category among the contenders is cancer drugs.

Exelixis clashes with FDA over prostate cancer study, shares tank

Exelixis ($EXEL) upset investors with news late yesterday that the developer couldn't see eye to eye with U.S. regulators on the design of a key late-stage trial for its lead cancer drug in patients

UPDATED: Exelixis posts promising pivotal thyroid cancer data on cabozantinib

Exelixis ($EXEL) cleared a crucial late-stage hurdle for cabozantinib today, with the biotech reporting the drug's Phase III study for medullary thyroid cancer posted promising results for improving

Exelixis shares slide as CEO cheers a mid-stage prostate cancer success

Not long after Mike Morrissey took the helm at Exelixis ($EXEL) in the summer of 2010 he decided to restructure and go all in on cabozantinib, the biotech's promising cancer drug that had already

ASCO highlights targeted cancer drugs from Pfizer, Exelixis

A major theme at the big American Society of Clinical Oncology (ASCO) meeting next month will be matching cancer patients with drugs based on the biology of their tumors. The so-called targeted

Exelixis spurs takeover rumors with Goldman ploy

Just weeks after reaping a windfall from a public offering of its freshly fattened shares, Bloomberg reports that Exelixis has opted to turn Goldman Sachs' attention to any potential takeover offers