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Exelixis' (EXEL) CEO Mike Morrissey on Cowen 41st Annual Health Care Conference - Transcript

Mar. 01, 2021 8:35 PM ETExelixis, Inc. (EXEL)1 Comment
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Exelixis, Inc. (NASDAQ:EXEL) Cowen 41st Annual Health Care Conference March 1, 2021 2:40 PM ET

Company Participants

Mike Morrissey – Chief Executive Officer

Conference Call Participants

Yaron Werber – Cowen

Yaron Werber

Good afternoon everybody and thank you once again for joining us for the 41st Annual Health Care Conference at Cowen. I am Yaron Werber, one of the Biotech Analysts. And it's a great pleasure to moderate the fireside chat with Mike Morrissey, Chief Executive Officer of Exelixis. Mike, good to see you as always.

Mike Morrissey

Good morning. Good afternoon. It's kind of interesting. The last live fireside I did was one year ago with you in Boston at the Cowen Conference before COVID blew up the world. So…

Yaron Werber

I remember that.

Mike Morrissey

It's ironic that we're back doing this virtual, but I'm pretty sure next year we'll be live. So, good to see you, man.

Yaron Werber

I wouldn't be surprised if Biogen was probably right next to us and we're able to dodge the whole situation

Mike Morrissey

Well that was the worry, right? Come on…

Yaron Werber

That's the worry.

Mike Morrissey

Yes.

Yaron Werber

Really appreciate it. I mean, obviously a year has passed, a lot of things have happened. So, lots to catch up on a lot of pipeline progress, obviously a lot going on in terms of no labels, no approval. So let's start there and actually talk about you've recently given guidance to exit 2022 with about 1.5 billion run rate in RCC. Can you walk us through what led to that thinking and giving that guidance? And how is the ASCO GU change your thinking if at all?

Mike Morrissey

Yes, for sure. Great, great place to start. Before I begin, I'll remind you and the listeners that I'll be making forward-looking

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Comments (1)

Martin Brenner profile picture
Why won’t this stock go up?
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