Exelixis, Inc. (NASDAQ:EXEL)

CAPS Rating: 5 out of 5

A development-stage biotechnology company dedicated to the discovery and development of novel small molecule therapeutics for the treatment of cancer and other serious diseases.

Recs

6
Player Avatar zzlangerhans (99.67) Submitted: 9/29/2012 2:39:37 AM : Outperform Start Price: $4.45 EXEL Score: +10.92

An extremely large combined dilutive and debt financing seems to have scared the pants off Exelixis traders and killed a burgeoning run-up into the cabozantinib PDUFA for medullary thyroid carcinoma in 11/29/12. The financing scares me too and I'm dubious about the long-term commercial prospects of cabozantinib, but the run-up has been very strong in the biopharma bull market of 2012 and I'll take my chances against the forces of dilution.

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