|Bid||19.00 x 800|
|Ask||19.19 x 1300|
|Day's Range||18.81 - 19.16|
|52 Week Range||13.67 - 27.80|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||39.62|
|Earnings Date||Feb 23, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.85|
Exelixis, Inc. (Nasdaq: EXEL), Iconic Therapeutics, Inc. (Iconic) and Zymeworks Inc. (NYSE:ZYME) today announced that Exelixis has exercised its exclusive option for Iconic’s lead oncology antibody-drug conjugate (ADC) program under the companies’ May 2019 agreement. As a result, Exelixis now has responsibility for the future clinical development, commercialization, and manufacturing of the Tissue Factor (TF)-targeting ADC now known as XB002 (formerly ICON-2). A rationally designed next-generation ADC, XB002 comprises a Tissue Factor-targeting antibody with Zymeworks’ proprietary ZymeLink™ linker-payload, creating the potential for an improved therapeutic index and favorable safety profile as compared to earlier-generation, TF-targeting ADCs. Exelixis plans to file an Investigational New Drug application (IND) with the U.S. Food and Drug Administration (FDA) for XB002 in the near-term and, pending the FDA’s acceptance of the IND, initiate a phase 1 clinical trial of XB002 in early 2021.
Exelixis, Inc. (NASDAQ: EXEL) today announced that Takeda Pharmaceutical Company Limited (Takeda), its partner responsible for the clinical development and commercialization of CABOMETYX® (cabozantinib) in Japan, received approval from the Japanese Ministry of Health, Labor and Welfare to manufacture and market CABOMETYX as a treatment for patients with unresectable hepatocellular carcinoma (HCC) that has progressed after prior systemic therapy.
This year, the investing community has been taken on a roller-coaster ride that involved the quickest bear market decline of at least 30% in history, the most ferocious rebound from a bear market bottom on record, and multiple single-session nominal point swings in the Dow Jones Industrial Average and S&P 500 that broke records. It's not often that you'll find growth and value wrapped up in one stock, but that's exactly what investors are going to get if they choose to take their $50 and purchase shares of cancer-drug developer Exelixis (NASDAQ: EXEL). Exelixis' primary growth driver is a Food and Drug Administration-approved drug known as Cabometyx.