Exelixis and StemSynergy collaborate on novel anticancer therapies
USA-based Exelixis (Nasdaq: EXEL) and privately-held StemSynergy Therapeutics have for the discovery and development of novel oncology compounds targeting Casein Kinase 1 alpha (CK1α), a component of the Wnt signaling pathway implicated in key oncogenic processes.
The agreement is part of Exelixis’ ongoing strategy to build an innovative pipeline beyond its two internally-discovered, commercially available compounds, cabozantinib, sold under the brand names Cabometyx and Cometriq, and cobimetinib, marketed as Cotellic.
Notwithstanding what seems positive news, Exelixis’ shares fell 7.34% to$29.30 by close of trading yesterday.
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