Exelixis raises $135M in follow-on

Exelixis Inc. raised $135 million through the sale of 25 million shares at $5.40 in a follow-on underwritten by Cowen; William Blair; and Stifel. The company proposed to sell 20 million shares after market on Tuesday, when its stock closed at $6.05. Exelixis shed $0.29 to $5.59 on Friday. ...