Tuesday, October 17, 2017

Exelixis liver cancer drug meets late-stage goal, shares jump

Published October 16, 2017 Health Care FOXBusinessOpens a New Window.
Oct 16 (Reuters) - Exelixis Inc. (EXEL) said on Monday its drug to treat patients with a type of liver cancer met the main goal in a late stage study, sending its shares up 19 percent in premarket trading.
The drug, cabozantinib, showed statistically significant improvement in overall survival in advanced hepatocellular carcinoma patients who had been previously treated with Bayer AG and Amgen's sorafenib, compared with a placebo.
Exelixis plans to file for an expanded label for the drug with the U.S. Food and Drug Administration in the first quarter of 2018.
http://www.foxbusiness.com/markets/2017/10/16/exelixis-liver-cancer-drug-meets-late-stage-goal-shares-jump.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxbusiness%2Fhealthcare+%28Internal+-+Health+Care+-+Text%29&ito=792&itq=04ccf8ed-59a8-4a69-897b-a4328be50aaa&itx%5Bidio%5D=8812325

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