Compugen Stock Price, News & Analysis

Compugen Ltd. (CGEN) announced the Japan Patent Office granted a new patent for its anti-PVRIG antibody, COM701, which expands its intellectual property coverage to include Japan. The patent, No. 2017-562952, safeguards COM701's composition and use, enhancing its existing patents in the U.S. and Europe. This strategic move is aimed at solidifying the company's position in the competitive cancer immunotherapy market. With a patent expiration date set for no earlier than 2036, Compugen is poised to leverage this protection as it advances its innovative pipeline.

Compugen Ltd. (NASDAQ: CGEN) announced the granting of a new patent from the European Patent Office for anti-PVRIG antibodies aimed at cancer treatment. The patent, European Patent No. 3 653 221, secures broad protection for the use of COM701, expanding its application to any anti-PVRIG antibody that activates T and NK cells. The patent is set to expire no earlier than February 2036. This strategic move enhances Compugen’s position in the competitive cancer immunotherapy market and supports its ongoing clinical programs targeting multiple immune checkpoints.

Compugen Ltd. (CGEN) announced a strategic shift, prioritizing microsatellite stable-colorectal cancer (MSS-CRC) and non-small cell lung cancer (NSCLC) for development. The company will wind down its Phase 1 cohort expansion studies and conclude its collaboration with Bristol Myers Squibb. Compugen anticipates extending its cash runway through the end of 2024, with approximately $97 million in available cash. R&D expenses remain stable, with a net loss of approximately $9.1 million reported for Q2 2022. The company aims to present further data and study designs in Q4 2022.

Compugen Ltd. (Nasdaq: CGEN) will announce its second quarter financial results on August 4, 2022, before U.S. markets open. A conference call and webcast will take place at 8:30 AM ET for management to discuss the results and provide corporate updates. Compugen is a clinical-stage cancer immunotherapy company focused on computational target discovery, featuring proprietary drug candidates like COM701 and COM902, both in Phase 1 trials. Their partnership with Bayer and AstraZeneca also highlights their innovative drug development.

Compugen Ltd. (Nasdaq: CGEN), a clinical-stage cancer immunotherapy firm, announced its management team's upcoming presentations at industry conferences in Europe. The first event is the 10th Antibody Industrial Symposium in Montpellier, France, on June 28, 2022, featuring Pierre Ferré discussing PVRIG and TIGIT immune checkpoint blockade. The second event is Immuno UK in London on September 29-30, 2022, with Eran Ophir presenting on immunotherapy resistance. Presentation slides will be available on their website.

Compugen Ltd. (NASDAQ: CGEN), a clinical-stage cancer immunotherapy company, announced its participation in two upcoming investor conferences. The Jefferies Healthcare Conference will take place in New York City on June 8, 2022, with a fireside chat scheduled for 1:30 PM ET. The JMP Securities Life Sciences Conference is also in New York City on June 15, 2022, at 9:00 AM ET. Live webcasts of both events will be available on Compugen's Investor Relations website.

Compugen Ltd. (CGEN) reported its Q1 2022 financial results, noting a cash balance of $107 million, down from $118 million in Q4 2021. The company continues to execute on its clinical strategy with ongoing Phase 1 studies for COM701 and COM902, aiming for initial data in Q4 2022 related to MSS CRC. COM902 demonstrated a disease control rate of 50%, while R&D expenses were $7.2 million, slightly down year-over-year. Despite a net loss of $9.7 million, the company expects sufficient funds to sustain operations into 2024.

Compugen Ltd. (Nasdaq: CGEN) announced that CFO and COO Ari Krashin will depart the company in August 2022 to pursue other interests. His departure is unrelated to the company's operations or policies. Compugen is a clinical-stage cancer immunotherapy firm known for its predictive computational discovery capabilities, developing drug candidates like COM701 and COM902, targeting various solid tumors. The company maintains partnerships with Bayer and AstraZeneca for its therapeutic programs. Compugen is headquartered in Israel with additional offices in South San Francisco.

Compugen Ltd. (CGEN) will announce its first quarter 2022 financial results on May 16, 2022, before U.S. markets open. The company will not hold a conference call post-release. Additionally, Compugen plans to present a corporate update at two healthcare conferences in June 2022, with more details to follow. Compugen focuses on developing cancer immunotherapies and is currently advancing two product candidates: COM701 and COM902, both in Phase 1 studies.