Exelixis’ Cabozantinib Cleared For Kidney Cancer, With Competitive Labeling

Company plans to launch within two weeks, priced at a premium to competing drugs in kidney cancer.

Exelixis Inc.is set to launch its cabozantinib soon in renal cell cancer under the brand name Cabometyx, at a premium price and with labeling citing an overall survival benefit, but the firm faces a tough marketing battle against Bristol's Opdivo.

Cabozantinib is an oral drug that works on a number of targets, including VEGFR2, MET and RET

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