Cabometyx continues to show promise for Ipsen and Exelixis

12 May 2021
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Parisian biotech Ipsen (Euronext: IPN) has exercised an option to collaborate with Exelixis (Nasdaq: EXEL) on further development of Cabometyx (cabozantinib) in thyroid cancer.

Cabozantinib is a targeted cancer drug that binds to multiple tyrosine kinase receptors, with approvals in advanced renal cell carcinoma (RCC) and hepatocellular carcinoma (HCC).

Ipsen has been working with the USA-based company  since 2016, with the firms sharing development and commercialization rights in different territories.

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