Exelixis Submits XL139 Diligence Report to Bristol-My...(y company dedicatedto the discovery and ...)

Date:12/20/2007

y company dedicated to the discovery and development of novel small molecule therapeutics for the treatment of cancer and other serious diseases. The company is leveraging its fully integrated drug discovery platform to fuel the growth of its development pipeline, which is primarily focused on cancer. Currently, Exelixis' broad product pipeline includes investigational compounds in phase 2 and phase 1 clinical development for cancer and renal disease. Exelixis has established strategic corporate alliances with major pharmaceutical and biotechnology companies, including GlaxoSmithKline, Bristol-Myers Squibb Company, Genentech, Wyeth Pharmaceuticals and Daiichi-Sankyo. For more information, please visit the company's web site at http://www.exelixis.com.

Exelixis Forward Looking Statements

This press release contains forward-looking statements, including, without limitation, all statements related to the future development and potential efficacy of XL139, the discovery, development and commercializing of other small molecule drug candidates and Exelixis' potential receipt of milestone payments and royalties under the collaboration agreement with Bristol-Myers Squibb. Words such as "will," "suggest," "may," "plan" and similar expressions are intended to identify forward- looking statements. These forward-looking statements are based upon Exelixis' current plans, assumptions, beliefs and expectations. Forward-looking statements involve risks and uncertainties. Exelixis' actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the risk that product candidates that appeared promising in early research do not demonstrate safety or efficacy in clinical trials; the ability of Exelixis to advance preclinical compounds into clinical development; the uncertainty of the F
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SOURCE Exelixis, Inc. Copyright©2007 PR Newswire. All rights reserved

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