Exelixis Slashes Staff Again, Focuses All Internal Development on XL184
This article was originally published in The Pink Sheet Daily
Executive SummaryAs many as 65% of the oncology biotech's employees could be shown the door as the company ceases research on all but one drug candidate.
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The biopharma industry must think differently about funding high-risk/reward development of drug candidates against novel targets. Multiplexing Phase II proof-of-concept trials can light a path toward lower-risk pivotal studies and provide a model for building biotechs to deliver what patients, providers, payors, and investors all want: solutions.