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Exelixis to Offer Up to 11.5 Million Shares in Common Stock

NEW YORK, June 13 - Exelixis plans to sell 10 million shares of its common stock, the company said yesterday. In addition, it intends to give underwriters the option to purchase up to an additional 1.5 million shares of common stock.

 

Based on Exelixis' common stock trading price of about $9.05 this morning, the company stands to earn up to about $104 million from the offering.

 

For more information, see the company statement.