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Exelixis Announces Third Quarter 2007 Financial Results and Business Update
Date:11/5/2007

ible assets 51 210 195 722

Total operating

expenses 69,451 55,101 198,505 161,900

Loss from operations (42,626) (31,561) (114,285) (93,001)

Other income (expense):

Interest income and

other, net 2,908 1,889 9,786 5,800

Interest expense (970) (1,071) (3,001) (3,943)

Gain on the sale of

business 18,808 -- 18,808 --

Total other income 20,746 818 25,593 1,857

Loss before noncontrolling

interest in Symphony

Evolution, Inc. (21,880) (30,743) (88,692) (91,144)

Loss attributed to

noncontrolling interest

in Symphony Evolution,

Inc. 8,184 5,546 22,233 14,834

Net loss $(13,696) $(25,197) $(66,459) $(76,310)

Net loss per share,

basic and

diluted $(0.14) $(0.30) $(0.68) $(0.91)

Shares used in computing

basic and diluted net

loss per share 98,551 84,178 97,313 83,972

EXELIXIS, INC.

CONSOLIDATED BALANCE SHEET DATA

(in thousands)

September 30, December 31,

2007 2006 (1)

(unaudited)

Cash and cash equivalents and short-term and

long-term marketable securities (2) $297,616 $263,180

Working capital $173,542 $150,814

Total assets $420,291 $395,417

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SOURCE Exelixis, Inc.
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