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Exelixis Announces Third Quarter 2002 Financial Results Conference Call and Webcast

Business Wire, Oct 24, 2002

Business Editors

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Oct. 24, 2002

Exelixis, Inc. (Nasdaq: EXEL) today announced that its financial results for the third quarter 2002 will be issued in a press release after the close of the U.S. financial markets on Thursday, November 7, 2002 at 4:00 pm ET. Exelixis will host a conference call one hour after the release at 5:00 pm ET to discuss these results. The call will be led by George A. Scangos, Ph.D., president and chief executive officer and Glen Y. Sato, chief financial officer and vice president of legal affairs.

The call will be webcast on the investor relations section of Exelixis' website at www.exelixis.com/ir and at www.ccbn.com and will be archived until November 21, 2002.

Exelixis, Inc. (Nasdaq: EXEL) is a leading genomics-based drug discovery company focused on product development through its expertise in comparative genomics and model system genetics. These technologies provide a rapid, efficient and cost effective way to move from DNA sequence data to knowledge about the function of genes and the proteins they encode. The company's technology is broadly applicable to all life sciences industries including pharmaceutical, diagnostic, agricultural biotechnology and animal health. Exelixis has partnerships with Bayer CropScience, Bristol-Myers Squibb, Cytokinetics, Dow Agrosciences, Elan Pharmaceuticals, Merck, Protein Design Labs, Schering-Plough Research Institute and Scios and is building its internal development program in the area of oncology. For more information, please visit the company's web site at www.exelixis.com.Exelixis and the Exelixis logo are registered U.S. trademarks.

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