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Exelixis Adds Insilico Deal In Search Of Growth Beyond Cabometyx

Company Rides Out Challenge From Activist Investor

 
• By Andrew McConaghie

After feeling the heat from activist investor Farallon Capital Management earlier this year, CEO Michael Morrissey has defended its spending on in-house R&D and in-licensing as it announced a new oncology deal.

Exelixis

Exelixis has licensed the rights to ISM3091, a novel cancer treatment from AI-based drug discovery company Insilico Medicine, as it looks to find new growth drivers beyond its blockbuster Cabometyx.

Cabometyx (cabozantinib, also available in capsule form as Cometriq) is set to hit revenues of $1.8bn this year from its...

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Quick Listen: Scrip’s Five Must-Know Things

 
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The low-dose atropine eye drop slowed the progression of pediatric myopia by 30%.

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Santen Sees Potential In Myopia Market After Ryjunea Approval

 
• By Kevin Grogan

The low-dose atropine eye drop slowed the progression of pediatric myopia by 30%.

Will Pfizer Walk Away From Arvinas After PROTAC Disappointment?

 
• By Andrew McConaghie

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Executives On The Move: Three New CEOs And CFOs Among This Week’s Changes

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