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Exelixis Has Renewed Momentum Heading Into 2021

 
• By Jessica Merrill

The approval of Cabometyx in combination with Opdivo as a first-line treatment for RCC will power substantial growth at Exelixis into 2022.

Cancer cells on scientific background.3d illustration
Exelixis' Cabometyx won approval for first-line RCC combined with BMS' Opdivo last month, raising revenue expectations. • Source: Shutterstock

Exelixis, Inc.'s Cabometyx (cabozantinib) receiving US Food and Drug Administration approval combined with Bristol Myers Squibb Company’s Opdivo (nivolumab) in the first-line renal cell carcinoma (RCC) setting is expected to give the former a substantial revenue boost, five years after the US Food and Drug Administration first approved it for advanced RCC.

"We believe we have significant momentum heading into the launch and anticipate a near doubling of cabo RCC revenues by the end of 2022, when we expect to exit with...

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