Exelixis Inc. has announced results from a subgroup analysis of the CABINET phase 3 pivotal trial evaluating CABOMETYX® (cabozantinib) versus placebo in patients with previously treated advanced neuroendocrine tumors $(NET)$ originating in the lungs or thymus. The data will be presented at the 2025 European Society for Medical Oncology Congress (ESMO) during the Monday Poster Session: Neuroendocrine Tumours on October 20, 2025. The analysis showed that CABOMETYX reduced the risk of disease progression or death by 81% compared to placebo in this patient group, with a median progression-free survival of 8.2 months versus 2.7 months for placebo. Confirmed objective response rates were 6% for CABOMETYX and 0% for placebo. The study included patients with locally advanced or metastatic pancreatic NET (pNET) or extra-pancreatic NET (epNET), with 49 of the 203 epNET patients having lung or thymic NET.