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Strong earnings and sales performance greatly exceed market expectations, reminiscent of previous successful quarters.
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EXEL reported Q1 2025 earnings of 62 cents, surpassing expectations. Quarterly sales reached $555.45 million, beating the consensus of $498.18 million. Cabometyx's demand has surged following FDA approval in neuroendocrine tumors. 2025 revenue guidance raised by $100 million to between $2.25B-$2.35B. EXEL advances into phase 1 study for XB628 in solid tumors.
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