Financial PerformanceExelixis reported 3Q cabo revenues of $478.1M, ahead of FactSet consensus driven by increased cabo market share and new patient starts.
Intellectual PropertyThe IP decision upholding cabo's U.S. rights significantly changed the outlook for Exelixis.
Revenue GuidanceManagement raised and narrowed FY24 net product revenue and total revenue guidance by 5.6% and 7.4%, respectively, at the midpoint.