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Leerink Positive on Exelixis (EXEL) as Cabometyx Nabs European Approval

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European Commission Approves CABOMETYXâ„¢ (cabozantinib) Tablets for the Treatment of Advanced Renal Cell Carcinoma Following VEGF-Targeted Therapy

September 14, 2016 1:00 AM EDT

CABOMETYX is the first and only therapy approved in the European Union to demonstrate improved overall survival, progression-free survival and objective response rate in a large, randomized phase 3 trial of patients with advanced kidney cancer 

Approval of CABOMETYX in European Union triggers $60 million milestone payment to Exelixis under licensing agreement with Ipsen 

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Exelixis, Inc. (NASDAQ: EXEL) today announced that the European Commission (EC) has approved CABOMETYX (cabozantinib) tablets for the treatment of advanced renal cell carcinoma (RCC) in adults following... More