Exelixis keeps climbing on Cabometyx news

20 December 2017

The US Food and Drug Administration’s (FDA) approval of an expanded label for Cabometyx (cabozantinib) has kept Exelixis (Nasdaq: EXEL) climbing in the stock market throughout Wednesday morning.

The US biotech was 4.5% up at $27.85 after three hours of trading.

"Physicians are already experienced in using Cabometyx in second-line advanced RCC, and it is a much-needed advance to also now have it as an option for their patients with previously untreated advanced RCC"

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