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What happened, with direct paths to the underlying reporting
- EXEL reported lower-than-expected Q1 results, with earnings and revenues missing estimates. - Net product revenues increased, but Cabometyx sales fell short of expectations. - Company undertook a corporate restructuring program by reducing headcount by 13%. - Management focuses on label expansion for Cabometyx and accelerating the development of other drugs. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- EXEL reported lower-than-expected Q1 results, with earnings and revenues missing estimates.
- Net product revenues increased, but Cabometyx sales fell short of expectations.
- Company undertook a corporate restructuring program by reducing headcount by 13%.
- Management focuses on label expansion for Cabometyx and accelerating the development of other drugs.
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