Welcome to our dedicated page for Rigel Pharmaceuticals news (Ticker: RIGL), a resource for investors and traders seeking the latest updates and insights on Rigel Pharmaceuticals stock.
Rigel Pharmaceuticals reports news on a commercial-stage biotechnology business focused on hematologic disorders and cancer. Company updates commonly cover sales of TAVALISSE (fostamatinib disodium hexahydrate), GAVRETO (pralsetinib) and REZLIDHIA (olutasidenib), along with contract revenue from collaborations and quarterly operating results.
Recurring developments also include clinical and regulatory updates for Rigel's pipeline, including R289 in lower-risk MDS, published clinical data involving GAVRETO, licensing and collaboration activity, board appointments, equity inducement grants and other governance matters tied to its Nasdaq-listed common stock.
Rigel Pharmaceuticals (Nasdaq:RIGL) announced participation in two virtual investor conferences in November 2021. Dean Schorno, CFO, will present at the Jefferies Virtual London Healthcare Conference on November 18, with an on-demand overview available from 8:00 a.m. GMT. He will also join a fireside chat at the Piper Sandler 33rd Annual Virtual Healthcare Conference running from November 29 to December 2, with access starting November 22 at 10:00 a.m. ET. Details are available on Rigel's website.
Rigel Pharmaceuticals (Nasdaq: RIGL) reported Q3 2021 results with net product sales of $16.0 million, down 2% year-over-year. The third quarter net loss was $21.0 million or $0.12 per share, compared to a loss of $14.2 million last year. Rigel completed enrollment in its FORWARD study for wAIHA with topline data expected in mid-2022. The company expanded its sales force from 39 to 55 managers to enhance market presence. Total revenue for the nine months reached $128.8 million, reflecting a 3% increase in TAVALISSE sales.
Rigel Pharmaceuticals will announce its third quarter 2021 financial results on November 2, 2021, after market close. Senior management will host a live conference call at 4:30 PM ET to discuss the results and provide a business update. Rigel specializes in developing small molecule drugs for hematologic disorders, cancer, and rare diseases. Its lead product, TAVALISSE, is the only oral SYK inhibitor for chronic immune thrombocytopenia. The company has multiple ongoing clinical trials for various conditions, including COVID-19 and autoimmune diseases.
Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) announced the grant of stock options totaling 469,000 shares to 23 new employees, approved by its Compensation Committee. These options, priced at $3.52 per share, vest over four years and were granted under the company's Inducement Plan following NASDAQ Listing Rule 5635(c)(4). Rigel focuses on developing novel small molecule drugs targeting hematologic disorders, cancer, and rare immune diseases. It also conducts several clinical trials, including studies for its first FDA-approved product, TAVALISSE, in various indications.
Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) announced participation in several virtual investor conferences in September 2021. CEO Raul Rodriguez will speak on a panel at Citi's 16th Annual Biopharma Conference on September 10, focusing on advancements in benign hematology. CFO Dean Schorno will present a company overview at the H.C. Wainwright Annual Global Investment Conference, available from September 13. Additionally, Rodriguez will present at the Cantor Fitzgerald Global Healthcare Conference on September 28. Details and webcasts can be found on Rigel's investor relations website.
Rigel Pharmaceuticals (Nasdaq: RIGL) announced the publication of Phase 2 clinical trial results for fostamatinib in treating hospitalized COVID-19 patients. Conducted in collaboration with NIH's NHLBI, the trial involved 59 patients and showed that fostamatinib, when added to standard care, led to fewer serious adverse events and improved clinical outcomes. Key findings indicated a reduction in mortality rates, ICU stay duration, and time on supplemental oxygen compared to placebo. A larger Phase 3 trial is set to further validate these findings.
Rigel Pharmaceuticals (Nasdaq: RIGL) announced that the FDA deemed clinical data from a Phase 2 trial of fostamatinib insufficient for emergency use authorization in treating hospitalized COVID-19 patients. Despite this setback, the FDA expressed willingness to collaborate on the development of fostamatinib, as Rigel pursues a larger Phase 3 trial involving 308 patients. The primary endpoint is to assess progression to severe disease within 29 days. Current enrollment is at approximately 176 patients, anticipated to conclude by year-end.
Rigel Pharmaceuticals (Nasdaq: RIGL) reported its Q2 2021 financial results, revealing total revenues of $26.3 million, primarily from TAVALISSE sales, which increased 14% year-over-year. The company incurred a net loss of $13.8 million, an improvement from the prior year's loss. Rigel is expanding its sales force from 39 to 55 territories and is advancing its pipeline, including a Phase 3 trial of fostamatinib in COVID-19 patients. Cash and equivalents reached $153.4 million as of June 30, 2021.
Rigel Pharmaceuticals will announce its Q2 2021 financial results on August 3, 2021, after market close. A conference call will follow at 4:30 PM ET for a business update. Investors can access the call at 877-407-3088 (domestic) or 201-389-0927 (international). Rigel specializes in developing small molecule drugs for hematologic disorders, cancer, and rare immune diseases, with its first product, TAVALISSE, approved by the FDA for chronic immune thrombocytopenia.
Rigel Pharmaceuticals (Nasdaq: RIGL) announced that data from its clinical program for TAVALISSE (fostamatinib) will be presented at the ISTH Virtual Congress from July 17-21, 2021. Key findings reveal that long-term treatment with TAVALISSE results in increased platelet counts in patients with immune thrombocytopenia (ITP), with a 91% response rate after a year. Additionally, the need for rescue therapy decreased over time. TAVALISSE is the first SYK inhibitor approved for chronic ITP, helping patients with inadequate responses to previous therapies.