Exelixis and Ipsen amend cabozantinib agreement

21 December 2016

US biotech firm Exelixis (Nasdaq: EXEL) and French drugmaker Ipsen (Euronext: IPN) today jointly announced an amendment to the exclusive collaboration and licensing agreement for the commercialization and continued development of cabozantinib, to include commercialization rights in Canada for Ipsen where Ipsen has an established business (Mississauga, Ontario).

Signed in February 2016, the original agreement gave Ipsen exclusive commercialization rights for current and potential future cabozantinib indications outside of the USA, Canada and Japan. Following the amendment, Exelixis maintains exclusive rights for cabozantinib in the USA and Japan, and is continuing discussions with potential partners for commercial rights in Japan.

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