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Joined Nov 11, 2007
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Exelixis Tanks on Drug Safety Concerns

“BOSTON (MarketWatch) — Shares of Exelixis Inc. EXEL -19.19% sank 19% to $8.85 in afternoon trading Monday after the company released data from a Phase II clinical trial for its cancer-fighting agent cabozantinib that showed six drug-related deaths, or about 1% of the patients enrolled in the study. Exelixis has been testing the product for the treatment of various cancers of the lung, breast, liver, prostate, skin, and ovaries.”

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