Exelixis authorizes $550M share repurchase program through end of 2023

EXELIXIS, INC.

Board authorized up to $550M of common stock repurchases before end of 2023.
Program may be executed via open market, block trades, accelerated repurchase or exchanges.
Repurchases depend on capital needs, market conditions and alternative opportunities.
Program does not obligate Exelixis to repurchase any specific amount; may be suspended or discontinued.

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