Added indication approved by FDA for Cabometyx

15 January 2019

The US Food and Drug Administration has approved Cabometyx (cabozantinib) tablets for patients with hepatocellular carcinoma (HCC) who have been previously treated with sorafenib. HCC is the most common form of liver cancer and the fastest-rising cause of cancer-related death in the USA.

The drug is marketed by Exelixis (Nasdaq: EXEL), whose shares were up 3.89% at $23.75 in after-hours trading on Monday. The share price of Exelixis has increased 8.5% in the past year, against the industry’s decline of 15.4%, noted Zacks Equity Research.

For the third quarter of 2018, Cabometyx generated sales of $158.3 million, up from $141.1 million in the second quarter.

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