Finally, after nearly two decades, Exelixis (Nasdaq: EXEL) has received approval from the Food and Drug Administration for its first drug, cabozantinib. Now called Cometriq, it is used to treat advanced medullary thyroid cancer once the disease has spread to other organs. However, in this video, Motley Fool health care analyst David Williamson gives reasons to temper enthusiasm over this approval while keeping an eye on future clinical trial results for cabozantinib in prostate cancer.
Exelixis' Crowning Achievement
By Dave Williamson and Brenton Flynn – Nov 30, 2012 at 6:05PM
NASDAQ: EXEL
Exelixis
Market Cap
$9.7B
Today's Change
(-0.14%) $0.05
Current Price
$36.08
Price as of October 22, 2025 at 4:00 PM ET
After 18 long years, Exelixis gets its first FDA approval.
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