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Exelixis Announces Third Quarter 2007 Financial Results and Business Update

ard-looking statements as a result of these risks and uncertainties, which include, without limitation, the potential failure of XL647 and our other compounds to demonstrate safety and efficacy in clinical testing, risks related to our dependence on and relationship with GSK and Symphony Evolution, Inc. and risks related to our need for additional financing. These and other risk factors are discussed under "Risk Factors" and elsewhere in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2007 and our other filings with the Securities and Exchange Commission. We expressly disclaim any duty, obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

Exelixis and the Exelixis logo are registered U.S. trademarks.

-see attached financial tables-



(in thousands, except per share data)


Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006


Contract $17,496 $13,347 $49,040 $42,609

License 9,329 10,193 35,180 26,290

Total revenues 26,825 23,540 84,220 68,899

Operating expenses:

Research and

development 58,643 46,048 165,159 133,344

General and

administrative 10,757 8,843 33,151 27,834

Amortization of


SOURCE Exelixis, Inc.
Copyright©2007 PR Newswire.
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