Exelixis Inc.'s data for its tyrosine kinase inhibitor cabozantinib in the Phase III CELESTIAL study of second-line-plus advanced hepatocellular cancer are positive, but raised some concerns about competitive prospects, particularly against Bristol-Myers Squibb Co.'s approved PD-1 inhibitor Opdivo and Merck & Co. Inc.'s Keytruda, which is also now poised for approval in this tumor type.
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