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Exelixis (EXEL) Enters Into 15M Underwriting Agreement

March 10, 2011 7:09 AM EST
Exelixis, Inc. (Nasdaq: EXEL) entered into an underwriting agreement with Goldman, Sachs & Co. and Cowen and Company, LLC, as representatives of the several underwriters named therein relating to the offering, issuance and sale of 15,000,000 shares of Exelixis' common stock.

The Underwriters have agreed to purchase such shares of common stock from the Company at a price of $10.4225 per share.

Closing is expected March 15, 2011.


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