Exelixis Reported Preliminary Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/EXEL'>Exelixis, Inc. (NASDAQ:EXEL) </a>announces its preliminary Q4 results, with Cabo franchise revenue coming in at around $300 million, beating the consensus estimate of $280 million. The company expects continued increases in cabo TRx's and NRx's for 1L RCC, which will likely remain as the company's main growth driver in 2022.</p>
<p>The company provided its full 2022-year product sales guidance of $1.325–1.425 billion from currently approved indications, in line with the company's goal to exit 2022 with a $1.5 billion annualized run-rate from RCC in the US. </p>

NASDAQ:EXEL