Is Exelixis a Buy?
When it comes to biotech companies, a bird in the hand is not always worth two in the bush for shareholders. A steady drumbeat of good news from clinical-stage projects in the pipeline often makes for higher stock prices. Once those projects get regulatory approval, however, actually selling the drugs means facing a handful of sticky issues like manufacturing them profitably at scale.
And that's exactly the challenge facing oncology drugmaker Exelixis (NASDAQ: EXEL). Its three products have been on the market for some time, but investors haven't seen a consistent upside. Will the company's efforts to get expanded approvals for its drugs lead to revenue growth that will buck the trend, or are its issues more chronic in nature?
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Source Fool.com
