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Exelixis Inc
Exelixis creates targeted cancer medicines that work by blocking specific proteins that help tumors grow. Doctors prescribe these drugs to patients with certain types of cancer, particularly kidney and liver cancers. The company makes money by selling these approved medicines and through partnerships where larger drug companies help develop and market their treatments.
The biotechnology industry focuses on developing medical treatments using biological processes. Companies in this space often experience significant price swings based on news about drug trials, regulatory approvals, and partnerships. Exelixis operates in the competitive oncology segment where targeted therapies are becoming increasingly important.
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