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, Inc. (Nasdaq: RIGL) is a commercial stage biotechnology company based in South San Francisco, California, focused on therapies for hematologic disorders and cancer. This news page aggregates company announcements, financial updates and clinical data disclosures so readers can follow Rigel’s progress across its marketed products and development pipeline.
Rigel’s news flow frequently covers net product sales and total revenue from its hematology and oncology portfolio, including TAVALISSE (fostamatinib disodium hexahydrate), GAVRETO (pralsetinib) and REZLIDHIA (olutasidenib). Press releases detail quarterly and preliminary annual revenue, contract revenues from collaborations and government contracts, and commentary from management on commercial execution and financial performance.
Clinical and regulatory milestones are another major focus of Rigel’s news. Updates describe Phase 1b data for the investigational IRAK1/4 dual inhibitor prodrug R289 in relapsed or refractory lower-risk myelodysplastic syndrome, including safety, tolerability, pharmacokinetics and measures such as red blood cell transfusion independence. The company also reports on long-term and real-world data for REZLIDHIA in mIDH1 acute myeloid leukemia, and on presentations of pralsetinib data in RET fusion-positive solid tumors at oncology conferences.
Rigel’s releases highlight participation in scientific and investor meetings, such as the American Society of Hematology Annual Meeting and Exposition, the American Society of Clinical Oncology – Gastrointestinal Cancers Symposium, and major healthcare investment conferences. Corporate news can also include collaboration updates, such as developments in the ocadusertib program with Eli Lilly and Company, and stock-based inducement grants under Nasdaq Listing Rule 5635(c)(4).
Investors, clinicians and researchers can use this RIGL news feed to monitor earnings announcements, pipeline readouts, regulatory designations and conference presentations that shape the company’s trajectory in hematology and oncology.
Rigel Pharmaceuticals (Nasdaq: RIGL) has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, March 4, 2025, after market close. The announcement will be followed by a live conference call and webcast at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), where senior management will discuss financial results and provide a business update.
Participants can join the conference call by dialing 877-407-3088 (domestic) or 201-389-0927 (international). The call and accompanying slides will also be webcast live from the Investor Relations section of Rigel's website and archived for 90 days afterward.
Rigel Pharmaceuticals is a biotechnology company founded in 1996 that focuses on discovering, developing, and providing novel therapies for patients with hematologic disorders and cancer. The company is headquartered in South San Francisco, California.
Rigel Pharmaceuticals (NASDAQ: RIGL) announced the enrollment of the first patient in a NIH/NHLBI-sponsored Phase 1 study evaluating fostamatinib in sickle cell disease (SCD) patients. The study will assess the safety and tolerability of escalating doses of fostamatinib, Rigel's oral SYK inhibitor, which is already approved as TAVALISSE® for chronic immune thrombocytopenia.
The open-label Phase 1 dose-escalation study aims to enroll approximately 20 patients with SCD. Patients will receive 100 mg twice daily for 14 days, potentially escalating to 150 mg twice daily for an additional 28 days if tolerated. The study will evaluate safety, tolerability, and investigate fostamatinib's mechanism of action in SCD, including its effects on red blood cell membrane integrity, sickling kinetics, and platelet activation.
The trial is being conducted at the NIH Clinical Center in Bethesda, Maryland, with study material provided by Rigel. SCD affects over 100,000 people in the United States and an estimated 7-8 million people worldwide.
Rigel Pharmaceuticals (RIGL) reported preliminary Q4 2024 total revenue of $57.6 million, including net product sales of TAVALISSE ($31.0M), REZLIDHIA ($7.4M), and GAVRETO ($8.1M). The company expects full-year 2024 total revenue of $179.3 million, with net product sales of $144.9 million.
Key developments include TAVALISSE surpassing $100 million in 2024 net product sales, R289 receiving FDA Orphan Drug designation for MDS treatment, and an exclusive license agreement with Dr. Reddy's for REZLIDHIA commercialization worth up to $40 million in total payments.
Looking ahead to 2025, Rigel anticipates total revenue of $200-210 million, including net product sales of $185-192 million and contract revenues of $15-18 million. The company expects to achieve positive net income while funding clinical development programs.
Rigel Pharmaceuticals (NASDAQ: RIGL) announced that its drug candidate R289 has received Orphan Drug designation from the FDA for treating myelodysplastic syndromes (MDS). R289, a dual inhibitor of IRAK1 and IRAK4, is currently in a Phase 1b study evaluating its safety, tolerability, and preliminary activity in patients with lower-risk MDS who haven't responded to previous treatments.
The Orphan Drug designation provides several benefits, including tax credits, FDA fee exemptions, and potential seven-year market exclusivity upon approval. R289 had previously received Fast Track designation for treating patients with previously-treated transfusion-dependent lower-risk MDS.
R289 is a prodrug of R835 that works by blocking inflammatory cytokine production in response to toll-like receptor and interleukin-1 receptor family signaling, which are thought to cause pro-inflammatory conditions in the bone marrow of lower-risk MDS patients.
Rigel Pharmaceuticals (Nasdaq: RIGL), a commercial stage biotechnology company specializing in hematologic disorders and cancer treatments, has announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference. The company's president and CEO, Raul Rodriguez, will deliver a company overview on Thursday, January 16, 2025, at 8:15 a.m. PT (11:15 a.m. ET) in San Francisco.
The presentation will be accessible via live webcast through the Investor Relations section of Rigel's website. Founded in 1996 and headquartered in South San Francisco, California, Rigel focuses on discovering, developing, and providing innovative therapies for patients with hematologic disorders and cancer.
Rigel Pharmaceuticals (Nasdaq: RIGL) has announced the granting of inducement awards under its Inducement Plan, as approved by the company's Compensation Committee. The grants, made in accordance with NASDAQ Listing Rule 5635(c)(4), consist of 46,131 stock options awarded to eight non-executive employees. These options will vest over a four-year period with a one-year cliff.
The awards were granted as material inducements for these employees entering into employment with Rigel. The company, founded in 1996 and based in South San Francisco, California, focuses on developing and providing novel therapies for patients with hematologic disorders and cancer.
Rigel Pharmaceuticals (NASDAQ: RIGL) announced initial data from its ongoing Phase 1b study of R289 in lower-risk myelodysplastic syndrome (LR-MDS) patients. The study showed promising results with 40% of evaluable transfusion-dependent patients receiving R289 doses ≥500 mg QD achieving red blood cell transfusion independence or hematologic improvement.
The trial enrolled 22 patients with a median age of 76 years. R289 was generally well-tolerated, with most common side effects being Grade 1/2 diarrhea and fatigue. Three patients achieved RBC transfusion independence ≥8 weeks, with two maintaining it for >24 weeks. The median duration of RBC transfusion independence was 29 weeks.
The FDA recently granted Fast Track designation for R289 in previously-treated transfusion-dependent LR-MDS patients.
Rigel Pharmaceuticals (Nasdaq: RIGL) announced that the FDA has granted Fast Track designation to R289 for treating patients with previously-treated transfusion dependent lower-risk myelodysplastic syndrome (LR-MDS). R289, a dual inhibitor of IRAK1 and IRAK4, is currently being evaluated in a Phase 1b study. The Fast Track designation may provide benefits including more frequent FDA interactions and eligibility for Accelerated Approval and Priority Review. The drug works by blocking inflammatory cytokine production in response to toll-like receptor and interleukin-1 receptor family signaling, targeting the pro-inflammatory environment in bone marrow responsible for persistent cytopenias in lower-risk MDS patients.
Rigel Pharmaceuticals (Nasdaq: RIGL) has announced that CFO Dean Schorno will present a company overview at the Jefferies London Healthcare Conference on Tuesday, November 19, at 9:30 am GMT (4:30 am EST). The presentation will be accessible via live webcast through the Investor Relations section of Rigel's website.
Founded in 1996 and based in South San Francisco, Rigel is a commercial stage biotechnology company focusing on developing therapies for hematologic disorders and cancer. The company aims to discover, develop, and provide novel treatments that improve patients' lives.
Rigel Pharmaceuticals reported strong Q3 2024 financial results with total revenue of $55.3 million, including TAVALISSE net sales of $26.3 million (8% growth), REZLIDHIA net sales of $5.5 million (107% growth), and GAVRETO net sales of $7.1 million. The company secured a $10 million upfront payment from Kissei for REZLIDHIA development rights in Japan, Korea, and Taiwan. Rigel achieved Q3 net income of $12.4 million ($0.71 per share) compared to a net loss of $5.7 million in Q3 2023. Cash position strengthened to $61.1 million as of September 30, 2024.